Federal Free Printable Form 8881 (Rev. December 2013) for 2017 Federal Credit for Small Employer Pension Plan Startup Costs

It appears you don't have a PDF plugin for this browser. Please use the link below to download 2016-federal-form-8881.pdf, and you can print it directly from your computer.

Credit for Small Employer Pension Plan Startup Costs
Form 8881 (Rev. December 2013)

Form 8881 (Rev. December 2013) Department of the Treasury Internal Revenue Service Credit for Small Employer Pension Plan Startup Costs ▶ OMB No. 1545-1810 ▶ Attach to your tax return. Information about Form 8881 and its instructions is at www.irs.gov/form8881. 130 Identifying number Name(s) shown on return 1 Qualified startup costs incurred during the tax year. Do not enter 1 more than $1,000 . . . . . . . . . . . . . . . . . 2 Enter one-half of line 1 . . . . . . . . . . . . . . . . . . . . . . . . 3 Credit for small employer pension plan startup costs from partnerships and S corporations . 4 Add lines 2 and 3 . . . . . . . . . . . . . . . . . . . . . . . . . . 5 Enter the smaller of line 4 or $500. Partnerships and S corporations, report this amount Schedule K. All others, report this amount on Form 3800, line 1j . . . . . . . . . . For Paperwork Reduction Act Notice, see instructions. Attachment Sequence No. Cat. No. 33435N . . . on . 2 3 4 5 Form 8881 (Rev. 12-2013) Page 2 Form 8881 (Rev. 12-2013) General Instructions Future Developments startup costs paid or incurred during that tax year. For example, a calendar-year eligible small employer whose eligible plan is first effective on January 1, 2014, may elect to treat 2013 as the first credit year and claim the credit on its 2013 tax return for qualified startup costs incurred in 2013. For the latest information about developments related to Form 8881 and its instructions, such as legislation enacted after they were published, go to www.irs.gov/form8881. No Deduction Allowed for Credit Amount Purpose of Form You must reduce your otherwise allowable deduction for startup costs by the credit amount on line 2. Member of Controlled Group or Business Under Common Control Section references are to the Internal Revenue Code unless otherwise noted. Eligible small employers use Form 8881 to claim the credit for qualified startup costs incurred in establishing or administering an eligible employer plan. The credit is allowed under section 45E and is part of the general business credit. You may elect, however, to have section 45E not apply for the tax year the credit is available by not claiming it on your tax return for that year. Taxpayers, other than partnerships and S corporations, whose only source of this credit is from a partnership or S corporation, are not required to complete or file this form. Instead, they can report this credit directly on Form 3800. How To Figure the Credit For an eligible small employer, the credit is 50% of the qualified startup costs paid or incurred during the tax year. The credit is limited to $500 per year for the first credit year and each of the following 2 tax years. No credit is allowed for any other tax year. Eligible small employer. To be an eligible small employer, you must have had no more than 100 employees during the tax year preceding the first credit year who received at least $5,000 of compensation from you during that tax year. However, you are not an eligible small employer if, during the 3 tax years preceding the first credit year, you established or maintained a qualified employer plan with respect to which contributions were made, or benefits were accrued, for substantially the same employees as are in the new qualified employer plan. See section 45E(c) for rules for controlled groups and predecessor employers. Qualified startup costs. Qualified startup costs are expenses paid or incurred in connection with: (a) establishing or administering an eligible employer plan; or (b) the retirementrelated education of employees about the plan. Eligible employer plan. An eligible employer plan is a qualified employer plan (as defined in section 4972(d)) with at least one employee eligible to participate who is not a highly compensated employee. All eligible employer plans of the same employer are treated as one eligible employer plan. First credit year. The first credit year generally is your tax year that includes the date that the eligible employer plan becomes effective. However, you may elect to have the preceding tax year be the first credit year, and claim the credit for qualified For purposes of figuring the credit, all members of a controlled group of corporations (as defined in section 52(a)), all members of a group of businesses under common control (as defined in section 52(b)), and all members of an affiliated service group (as defined in section 414(m)), are treated as a single employer. As a member, compute your credit based on your proportionate share of qualified startup costs giving rise to the group’s credit for small employer pension plan startup costs. Enter your share of the credit on line 2. Attach a statement showing how your share of the credit was figured, and write “See Attached” next to the entry space for line 2. 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 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 . . . . . . . . . . . 5 hr., 58 min. Learning about the law or the form . . . . . . 53 min. Preparing and sending the form to the IRS . . 1 hr., 1 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.
Extracted from PDF file 2016-federal-form-8881.pdf, last modified February 2007

More about the Federal Form 8881 Other Tax Credit TY 2016

We last updated the Credit for Small Employer Pension Plan Startup Costs in May 2017, so this is the latest version of Form 8881, fully updated for tax year 2016. You can download or print current or past-year PDFs of Form 8881 directly from TaxFormFinder. 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 8962 Premium Tax Credit
Form 12277 Application for Withdrawal of Filed Form 668(Y), Notice of Federal Tax Lien (Internal Revenue Code Section 6323(j))
Form W-4V Voluntary Withholding Request
Form 433-D Installment Agreement
Form 8283 Noncash Charitable Contributions

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 8881 from the Internal Revenue Service in May 2017.

Show Sources >

Form 8881 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 8881

We have a total of five past-year versions of Form 8881 in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:


2016 Form 8881

Form 8881 (Rev. December 2013)

Credit for Small Employer Pension Plan Startup Costs 2015 Form 8881

Form 8881 (Rev. December 2013)

Credit for Small Employer Pension Plan Startup Costs 2013 Form 8881

Form 8881 (Rev. December 2013)

Credit for Small Employer Pension Plan Startup Costs 2012 Form 8881

Form 8881 (Rev. December 2006)

Credit for Small Employer Pension Plan Startup Costs 2011 Form 8881

Form 8881 (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-8881