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Federal Free Printable Form 8923 (Rev. November 2020) for 2024 Federal Mine Rescue Team Training Credit

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Mine Rescue Team Training Credit
Form 8923 (Rev. November 2020)

Form 8923 (Rev. November 2020) Department of the Treasury Internal Revenue Service Name(s) shown on return 1 Mine Rescue Team Training Credit OMB No. 1545-0123 Attach to your tax return. ▶ Go to www.irs.gov/Form8923 for the latest information. ▶ Identifying number Total training program costs of qualified mine rescue team employees paid or incurred during the tax year (up to $50,000 per qualified employee) . . . . . . . . . . . . . . . . . . . . 1 2 Multiply line 1 by 20% (0.20). See instructions for the adjustment you must make . . . . . . 2 3 Mine rescue team training credit from partnerships and S corporations (see instructions) . . . . . 3 4 Add lines 2 and 3. Partnerships and S corporations, report this amount on Schedule K. All others, report this amount on Form 3800, Part III, line 1u . . . . . . . . . . . . . . . . . . For Paperwork Reduction Act Notice, see instructions. Cat. No. 37735E . 4 Form 8923 (Rev. 11-2020) Page 2 Form 8923 (Rev. 11-2020) General Instructions Specific Instructions Section references are to the Internal Revenue Code unless otherwise noted. Line 2 For the latest information about developments related to Form 8923 and its instructions, such as legislation enacted after they were published, go to www.irs.gov/Form8923. In general, you must reduce your allowable training program costs by the amount on line 2. This is required even if you cannot take the full credit this year and must carry part of it back or forward. If you capitalized any costs included on line 1, reduce the amount capitalized by the credit on line 2 attributable to these costs. What’s New Line 3 The mine rescue team training credit is extended for qualified mine rescue team training costs paid or incurred for tax years beginning after 2017 and before 2021. Enter the total mine rescue team training credit from: Purpose of Form • Schedule K-1 (1120-S), Shareholder’s Share of Income, Deductions, Credits, etc., box 13 (code P). Future Developments Taxpayers who employ individuals as miners in U.S. underground mines use Form 8923 to claim the mine rescue team training credit. This credit applies to training program costs paid or incurred for qualified mine rescue team employees. This credit expired for tax years beginning after 2020. To find out if the mine rescue team training credit is extended beyond 2020, go to www.irs.gov/Form8923. Definitions Training program costs. Taxpayers who employ individuals as miners in U.S. underground mines can claim a credit of 20% of the training program costs paid or incurred during the tax year for training of qualified mine rescue team employees. The maximum amount of training program costs that may be taken into account annually for each qualified employee is $50,000. The training costs include wages paid or incurred while the qualified employee is attending a training program. Qualified employee. A qualified mine rescue team employee is any full-time employee of the taxpayer who is a miner eligible to serve for more than 6 months of the year as a mine rescue team member. The employee must have completed, at a minimum, an initial 20-hour course of instruction, as prescribed by the Mine Safety and Health Administration's Office of Educational Policy and Development, or received at least 40 hours of refresher training in such instruction. See 30 CFR section 49.8 for refresher training requirements. Wages. Wages qualifying for the credit generally have the same meaning as wages subject to the Federal Unemployment Tax Act (FUTA), but without regard to any dollar limit. • Schedule K-1 (Form 1065), Partner’s Share of Income, Deductions, Credits, etc., box 15 (code P); or Partnerships and S corporations must always report the above credit on line 3. All other filers can report the above credits directly on Form 3800, Part III, line 1u, and don’t need to file this form. Paperwork Reduction Act Notice. We ask for the information on this form to carry out the Internal Revenue laws of the United States. You are required to give us the information. We need it to ensure that you are complying with these laws and to allow us to figure and collect the right amount of tax. You are not required to provide the information requested on a form that is subject to the Paperwork Reduction Act unless the form displays a valid OMB control number. Books or records relating to a form or its instructions must be retained as long as their contents may become material in the administration of any Internal Revenue law. Generally, tax returns and return information are confidential, as required by section 6103. The time needed to complete and file this form will vary depending on individual circumstances. The estimated burden for business taxpayers filing this form is approved under OMB control number 1545-0123 and is included in the estimates shown in the instructions for their business income tax return. If you have comments concerning the accuracy of these time estimates or suggestions for making this form simpler, we would be happy to hear from you. See the instructions for the tax return with which this form is filed.
Extracted from PDF file 2023-federal-form-8923.pdf, last modified December 2020

More about the Federal Form 8923 Other Tax Credit TY 2023

We last updated the Mine Rescue Team Training Credit in February 2024, so this is the latest version of Form 8923, fully updated for tax year 2023. You can download or print current or past-year PDFs of Form 8923 directly from TaxFormFinder. You can print other Federal tax forms here.


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Form Sources:

The Internal Revenue Service usually releases income tax forms for the current tax year between October and January, although changes to some forms can come even later. We last updated Federal Form 8923 from the Internal Revenue Service in February 2024.

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Form 8923 is a Federal Other form. States often have dozens of even hundreds of various tax credits, which, unlike deductions, provide a dollar-for-dollar reduction of tax liability. Some common tax credits apply to many taxpayers, while others only apply to extremely specific situations. In most cases, you will have to provide evidence to show that you are eligible for the tax credit, and calculate the amount of the credit to which you are entitled.

Historical Past-Year Versions of Federal Form 8923

We have a total of eleven past-year versions of Form 8923 in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:


2023 Form 8923

Form 8923 (Rev. November 2020)

2022 Form 8923

Form 8923 (Rev. November 2020)

2021 Form 8923

Form 8923 (Rev. November 2020)

2020 Form 8923

Form 8923 (Rev. November 2020)

2019 Form 8923

Form 8923 (Rev. February 2018)

2018 Form 8923

Form 8923 (Rev. February 2018)

2017 Form 8923

Form 8923 (Rev. January 2016)

2016 Form 8923

Form 8923 (Rev. January 2016)

Mine Rescue Team Training Credit 2015 Form 8923

Form 8923 (Rev. January 2016)

Mine Rescue Team Training Credit 2012 Form 8923

Form 8923 (Rev. December 2012)

Mine Rescue Team Training Credit 2011 Form 8923

Form 8923 (Rev. December 2010)


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