Form 8882 - Credit For Employer-Provided Childcare Facilities And Services Page 2
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Form 8882 (Rev. 12-2006)
Page
If the facility is the principal trade or business of the
Compute your credit for line 2 based on your proportionate
taxpayer, at least 30% of the enrollees of the facility must be
share of qualified childcare facility expenditures giving rise to
dependents of employees of the taxpayer.
the group’s credit for line 2. Enter your share of the credit on
line 2. Attach a statement showing how your share of the
The use of the facility (or the eligibility to use the facility)
credit was figured, and write “See Attached” next to the
must not discriminate in favor of highly compensated
entry space for line 2.
employees.
Compute your credit for line 4 based on your proportionate
Qualified childcare resource and referral expenditures are
share of qualified resource and referral expenditures giving
amounts paid or incurred under a contract to provide
rise to the group’s credit for line 4. Enter your share of the
childcare resource and referral services to employees of the
credit on line 4. Attach a statement showing how your share
taxpayer. The provision of the services (or the eligibility to
of the credit was figured, and write “See Attached” next to
use the services) must not discriminate in favor of highly
the entry space for line 4.
compensated employees.
Specific Instructions
No Double Benefit Allowed
Line 8
You must reduce:
Estates and trusts. Allocate the credit for employer-provided
The basis of any qualified childcare facility by the amount
childcare facilities and services on line 7 between the estate or
of the credit on line 7 allocable to capital expenditures
trust and the beneficiaries in the same proportion as income
related to the facility,
was allocated, and enter the beneficiaries’ share on line 8.
Any otherwise allowable deductions used to figure the
credit by the amount of the credit on line 7 allocable to those
Paperwork Reduction Act Notice. We ask for the
deductions, and
information on this form to carry out the Internal Revenue
Any expenditures used to figure any other credit by the
laws of the United States. You are required to give us the
amount of the credit on line 7 allocable to those expenditures
information. We need it to ensure that you are complying
(for purposes of figuring the other credit).
with these laws and to allow us to figure and collect the right
Note. For credits entered on line 5, only the pass-through
amount of tax.
entity is required to make this reduction.
You are not required to provide the information requested
Recapture of Credit
on a form that is subject to the Paperwork Reduction Act
unless the form displays a valid OMB control number. Books
You may have to recapture part or all of the credit if, before
or records relating to a form or its instructions must be
the 10th tax year after the tax year in which your qualified
retained as long as their contents may become material in
childcare facility is placed in service, the facility ceases to
the administration of any Internal Revenue law. Generally, tax
operate as a qualified childcare facility or there is a change in
returns and return information are confidential, as required by
ownership of the facility. However, a change in ownership will
section 6103.
not require recapture if the person acquiring the interest in
The time needed to complete and file this form will vary
the facility agrees, in writing, to assume the recapture liability.
depending on individual circumstances. The estimated
See section 45F(d) for details.
burden for individual taxpayers filing this form is approved
Any recapture tax is reported on the line of your tax return
under OMB control number 1545-0074 and is included in the
where other recapture taxes are reported (or, if no such line,
estimates shown in the instructions for their individual
on the “total tax” line). The recapture tax may not be used in
income tax return. The estimated burden for all other
figuring the amount of any credit or in figuring the alternative
taxpayers who file this form is shown below.
minimum tax.
Recordkeeping
2 hr., 37 min.
Member of Controlled Group or Business
Learning about the law
Under Common Control
or the form
30 min.
For purposes of figuring the credit, all members of a
Preparing and sending
controlled group of corporations (as defined in section 52(a))
the form to the IRS
34 min.
and all members of a group of businesses under common
control (as defined in section 52(b)), are treated as a single
If you have comments concerning the accuracy of these
time estimates or suggestions for making this form simpler,
taxpayer. As a member, compute your credit for lines 2 and
we would be happy to hear from you. See the instructions for
4 as follows:
the tax return with which this form is filed.
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