tax forms found in
Tax Form Code
Tax Form Name

Federal Free Printable Form 8847 (Rev. December 2006) for 2021 Federal Credit for Contributions to Selected Community Development Corporations

It appears you don't have a PDF plugin for this browser. Please use the link below to download 2019-federal-form-8847.pdf, and you can print it directly from your computer.

Credit for Contributions to Selected Community Development Corporations
Form 8847 (Rev. December 2006)

Form 8847 (Rev. December 2006) Credit for Contributions to Selected Community Development Corporations Department of the Treasury Internal Revenue Service (99) © Attachment Sequence No. Attach to your tax return. Name(s) shown on return 1 OMB No. 1545-1416 Identifying number Total qualified community development corporation (CDC) contributions from Part I of Schedules A (Form 8847) 1 2 Multiply line 1 by 5% (.05) 2 3 Credit for contributions to selected community development corporations from partnerships and S corporations 3 Add lines 2 and 3. Partnerships and S corporations, report this amount on Schedule K; all others, report this amount on the applicable line of Form 3800 (e.g., line 1x of the 2006 Form 3800) 4 4 General Instructions Section references are to the Internal Revenue Code unless otherwise noted. What’s New ● The tax liability limit is no longer figured on this form; instead, it must be figured on Form 3800, General Business Credit. ● Taxpayers that are not partnerships or S corporations, and whose only source of this credit is from those pass-through entities, are not required to complete or file this form. Instead, they can report this credit directly on line 1x of Form 3800. ● The IRS will revise this December 2006 version of the form only when necessary. Continue to use this version for tax years beginning after 2005 until a new revision is issued. Purpose of Form Use Form 8847 to claim the credit for qualified contributions made to selected community development corporations (CDCs). How the Credit Is Figured The credit is figured over a 10-year credit period beginning with the tax year the qualified CDC contribution was made. The credit for each tax year in the credit period is 5% of the qualified CDC contribution (see below). The credit is part of the general business credit and is figured under section 13311 of the Revenue Reconciliation Act of 1993. 100 A qualified CDC contribution is any transfer of cash to a selected CDC before June 30, 1999, that is available for use by the CDC for at least 10 years and was designated by the CDC as a qualified contribution for purposes of the credit. Selected CDCs furnished each contributor a Schedule A (Form 8847), Receipt for Contribution to a Selected Community Development Corporation (CDC), with Part I of Schedule A completed. Selected CDCs were announced in HUD News Release No. 94-94, dated June 30, 1994. Specific Instructions Line 1 You are not required to attach copies of Schedule A (Form 8847) to your tax return, but you may do so. You must keep all original Schedules A (Form 8847) for 3 years after the due date (including extensions) of your tax return for the last tax year in the 10-year credit period. 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. Cat. No. 16149K 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 individual taxpayers filing this form is approved under OMB control number 1545-0074 and is included in the estimates shown in the instructions for their individual income tax return. The estimated burden for all other taxpayers who file this form is shown below. Recordkeeping 1 hr., 25 min. Learning about the law or the form 12 min. Preparing and sending the form to the IRS 13 min. 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. Form 8847 (Rev. 12-2006)
Extracted from PDF file 2019-federal-form-8847.pdf, last modified December 2006

More about the Federal Form 8847 Other Tax Credit

We last updated the Credit for Contributions to Selected Community Development Corporations in February 2020, and the latest form we have available is for tax year 2019. This means that we don't yet have the updated form for the current tax year. Please check this page regularly, as we will post the updated form as soon as it is released by the Federal Internal Revenue Service. You can print other Federal tax forms here.

Other Federal Other Forms:

TaxFormFinder has an additional 774 Federal income tax forms that you may need, plus all federal income tax forms.

Form Code Form Name
Form W-4V Voluntary Withholding Request
Form 8962 Premium Tax Credit
Form 14039 Identity Theft Affidavit
Form 8949 Sales and other Dispositions of Capital Assets
Form 8965 Health Coverage Exemptions

Download all  tax forms View all 775 Federal Income Tax Forms

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 8847 from the Internal Revenue Service in February 2020.

Show Sources >

Form 8847 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 8847

We have a total of seven past-year versions of Form 8847 in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:

2019 Form 8847

Form 8847 (Rev. December 2006)

2018 Form 8847

Form 8847 (Rev. December 2006)

2017 Form 8847

Form 8847 (Rev. December 2006)

2016 Form 8847

Form 8847 (Rev. December 2006)

Credit for Contributions to Selected Community Development Corporations 2015 Form 8847

Form 8847 (Rev. December 2006)

Credit for Contributions to Selected Community Development Corporations 2012 Form 8847

Form 8847 (Rev. December 2006)

Credit for Contributions to Selected Community Development Corporations 2011 Form 8847

Form 8847 (Rev. December 2006)

TaxFormFinder Disclaimer:

While we do our best to keep our list of Federal Income Tax Forms up to date and complete, we cannot be held liable for errors or omissions. Is the form on this page out-of-date or not working? Please let us know and we will fix it ASAP.

** This Document Provided By TaxFormFinder.org **
Source: http://www.taxformfinder.org/federal/form-8847