Business credits can be claimed by filing Form 3800. Partnerships, S Corporations, Estates, Trusts, and Cooperatives have special filing exceptions depending on the type of credit being claimed. All other filers must report the credit directly on Form 3800.
What is Form 3800?
Form 3800 is a form that must be completed by certain filers in order to claim any of the general business credits. Partnerships and S corporations must always complete the form, while other filers can report the credit directly on Form 3800. However, two exceptions exist when claiming the investment credit or biodiesel, renewable diesel, or sustainable aviation fuel credit in Part III with box A or B checked. These exceptions involve estates or trusts and cooperatives, and require the source credit to be allocated to beneficiaries or patrons respectively. For more details, see the instructions accompanying Form 1041 and Form 1120-C.
IRS Form 3800 – Who Needs to Fill It Out?
Partnerships, S corporations, estates, trusts, and cooperatives all need to complete the IRS Form 3800. Other filers may be able to report the credit directly on the form, unless they are claiming investment credit or biodiesel/renewable diesel/sustainable aviation fuel credits; in such cases, the credit must be allocated to beneficiaries or patrons. For more information applicable to estates and trusts, refer to the Instructions for Form 1041, and for cooperatives, refer to the Instructions for Form 1120-C. All filers must file Form 3800 to claim general business credits.
Step-by-Step: Form 3800 Instructions For Filling Out the Document
Partnerships, S Corporations, Estates, Trusts, and Cooperatives must always fill out the source credit form. All other filers whose only source for a listed credit is from one of the aforementioned entities can report the credit directly on Form 3800. However, exceptions do exist: when claiming the Investment Credit, Biodiesel, Renewable Diesel, or Sustainable Aviation Fuel credit, filers must follow the specified instructions for Estates & Trusts (Form 1041) or Cooperatives (Form 1120-C). Additionally, anyone claiming a General Business Credit must file Form 3800.
Below, we present a table that will help you understand how to fill out Form 3800.
|Information for Form 3800||Details|
|Source Credit Form||Required for Partnerships, S Corporations, Estates, Trusts, and Cooperatives|
|Direct Reporting||Others can report directly on Form 3800|
|Exceptions||Follow specified instructions for certain credits|
|General Business Credit||Must file Form 3800|
Do You Need to File Form 3800 Each Year?
If you are filing as a partnership, S-corporation, estate, trust, or cooperative, you must always file Form 3800 to claim your general business credits. Estates and trusts must allocate the credit to beneficiaries, and cooperatives must allocate the credit to patrons. There are exceptions however – if you are claiming the investment credit or biodiesel credit, you must follow additional instructions found in the Instructions for Form 1041 or 1120-C. No matter your situation, you must file Form 3800 to claim any of the general business credits.
Download the official IRS Form 3800 PDF
On the official IRS website, you will find a link to download Form 3800. However, to make it easier for you, we are providing the link in our article, which comes directly from the official irs.gov website! Click to download: Form 3800