Form 8882 - Credit For Employer-Provided Childcare Facilities And Services Page 2
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Form 8882 (Rev. 12-2013)
Page
Specific Instructions
No Double Benefit Allowed
You must reduce:
Line 8
• The basis of any qualified childcare facility by the
Estates and trusts. Allocate the credit for employer-
amount of the credit on line 7 allocable to capital
provided childcare facilities and services on line 7
expenditures related to the facility,
between the estate or trust and the beneficiaries in the
same proportion as income was allocated, and enter the
• Any otherwise allowable deductions used to figure the
beneficiaries’ share on line 8.
credit by the amount of the credit on line 7 allocable to
those deductions, and
If the estate or trust is subject to the passive activity
rules, include on line 5 any credit for employer-provided
• Any expenditures used to figure any other credit by the
childcare facilities and services from passive activities
amount of the credit on line 7 allocable to those
disallowed for prior years and carried forward to this year.
expenditures (for purposes of figuring the other credit).
Complete Form 8582-CR, Passive Activity Credit
Note. For credits entered on line 5, only the pass-through
Limitations, to determine the allowed credit that must be
entity is required to make this reduction.
allocated between the estate or trust and the
Recapture of Credit
beneficiaries. For details, see the Instructions for Form
8582-CR.
You may have to recapture part or all of the credit if,
before the 10th tax year after the tax year in which your
qualified childcare facility is placed in service, the facility
Paperwork Reduction Act Notice. We ask for the
ceases to operate as a qualified childcare facility or there
information on this form to carry out the Internal Revenue
is a change in ownership of the facility. However, a
laws of the United States. You are required to give us the
change in ownership will not require recapture if the
information. We need it to ensure that you are complying
person acquiring the interest in the facility agrees, in
with these laws and to allow us to figure and collect the
writing, to assume the recapture liability. See section 45F
right amount of tax.
(d) for details.
You are not required to provide the information
Any recapture tax is reported on the line of your tax
requested on a form that is subject to the Paperwork
return where other recapture taxes are reported (or, if no
Reduction Act unless the form displays a valid OMB
such line, on the “total tax” line). The recapture tax may
control number. Books or records relating to a form or its
not be used in figuring the amount of any credit or in
instructions must be retained as long as their contents
figuring the alternative minimum tax.
may become material in the administration of any Internal
Member of Controlled Group or Business
Revenue law. Generally, tax returns and return
information are confidential, as required by section 6103.
Under Common Control
The time needed to complete and file this form will vary
For purposes of figuring the credit, all members of a
depending on individual circumstances. The estimated
controlled group of corporations (as defined in section 52
burden for individual taxpayers filing this form is approved
(a)) and all members of a group of businesses under
under OMB control number 1545-0074 and is included in
common control (as defined in section 52(b)), are treated
the estimates shown in the instructions for their individual
as a single taxpayer. As a member, compute your credit
income tax return. The estimated burden for all other
for lines 2 and 4 as follows:
taxpayers who file this form is shown below.
• Compute your credit for line 2 based on your
Recordkeeping .. . . . . . . . . .
2 hr., 37 min.
proportionate share of qualified childcare facility
Learning about the law or the form . . . .
30 min.
expenditures giving rise to the group’s credit for line 2.
Enter your share of the credit on line 2. Attach a
Preparing and sending
statement showing how your share of the credit was
the form to the IRS . . . . . . . . . . . .34 min.
figured, and write “See Attached” next to the entry space
If you have comments concerning the accuracy of
for line 2.
these time estimates or suggestions for making this form
• Compute your credit for line 4 based on your
simpler, we would be happy to hear from you. See the
proportionate share of qualified resource and referral
instructions for the tax return with which this form is filed.
expenditures giving rise to the group’s credit for line 4.
Enter your share of the credit on line 4. Attach a
statement showing how your share of the credit was
figured, and write “See Attached” next to the entry space
for line 4.
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