Form 8842 Election to Use Different Annualization Periods for Corp

Form

8842

(Rev. December 2006)
Department of the Treasury
Internal Revenue Service

Election To Use Different Annualization Periods for
Corporate Estimated Tax

OMB No. 1545-1409

(Under section 6655(e)(2)(C) of the Internal Revenue Code)

Name

Employer identification number

Number, street, and room or suite no. (If a P.O. box, see instructions.)

City or town, state, and ZIP code, or country

Tax year ends (month and year)

Type of return to be filed (check one)
Form
Form 1120
Form 1120-A
Form
Form 1120-C
Form
Form 1120-F
Form

1120-FSC
1120-L
1120-ND
1120-PC

Form
Form
Form
Form

Form 8804

1120-REIT
1120-RIC
1120S
1120-SF

Election to use an annualization option under the annualized income installment method (Check one of the
following boxes.)
1st
Installment

2nd
Installment

3rd
Installment

4th
Installment

Option 1

First 2 months

First 4 months

First 7 months

First 10 months

Option 2

First 3 months

First 5 months

First 8 months

First 11 months

Signature. Under penalties of perjury, I declare that I have been authorized by the above-named corporation or organization to make this election, and to the best of
my knowledge and belief, the information provided is true, correct, and complete.

Signature of officer or agent

General Instructions
Section references are to the
Internal Revenue Code.

Purpose of Form
Corporations use Form 8842 to elect
one of the two annualization options
that can be elected under section
6655(e)(2)(C) to figure the
corporation’s estimated tax
payments under the annualized
income installment method.

Who Can Elect
Corporations (including
S corporations) and partnerships
required to pay the withholding tax
under section 1446 use this form to
elect either Option 1 or Option 2
under the annualized income
installment method.

Title

If an organization wants to use the
annualized income installment
method but does not elect Option 1
or 2, it can annualize income using
the Standard Option. The Standard
Option can be used without filing
Form 8842. Corporations, see
Form 1120-W, Estimated Tax for
Corporations, for information on the
Standard Option. Partnerships, see
the instructions for Form 8804,
Annual Return for Partnership
Withholding Tax (Section 1446).
Tax-exempt organizations subject
to the unrelated business income tax
and private foundations should not
file Form 8842. For information
concerning the annualization periods
applicable to tax-exempt
organizations and private
foundations, see Form 990-W,
Estimated Tax on Unrelated
Business Taxable Income for
Tax-Exempt Organizations.

Date

When To File
● File Form 8842 annually to elect
Option 1 or 2 even if the same
option is elected each year.
● File Form 8842 by the 15th day of
the 4th month of the tax year for
which the election is to apply.
Note. The election applies only to
the tax year for which it is made.
Once the election is made, it cannot
be revoked for that tax year.

Where To File
● File Form 8842 with the Internal
Revenue Service Center where the
income tax return is filed.
See the Where To File instructions
for the appropriate Form 1120 series
forms or Form 8804.
● A corporation that is a foreign
entity files Form 8842 with the
Internal Revenue Service Center,
P.O. Box 409101, Ogden, UT 84409.
(Continued on back of form)

For Paperwork Reduction Act Notice, see instructions.

Cat. No. 15990T

Form

8842

(Rev. 12-2006)

Form 8842 (Rev. 12-2006)

Address
Include the suite, room, or other unit
number after the street address.
If the post office does not deliver
mail to the street address and the
corporation has a P.O. box, show
the box number instead.
If the corporation receives its mail
in care of a third party (such as an
accountant or an attorney), enter on
the street address line “C/O”
followed by the third party’s name
and street address or P.O. box.

Who Must Sign
The election must be signed and
dated by:
● The president, vice president,
treasurer, assistant treasurer, chief
accounting officer; or
● Any other corporate officer (such
as tax officer) authorized to sign.
If the election is filed on behalf of
a corporation by a receiver, trustee,
or assignee, the fiduciary must sign

Page

the election instead of the corporate
officer. An election signed by a
receiver or trustee in bankruptcy on
behalf of a corporation must be
accompanied by a copy of the order
or instructions of the court
authorizing signing of the election.

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

2

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 average time is:
Recordkeeping
1 hr., 54 min.
Learning about the law
or the form
18 min.
Preparing and sending
the form to the IRS
20 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. You can write to the
Internal Revenue Service, Tax
Products Coordinating Committee,
SE:W:CAR:MP:T:T:SP, 1111
Constitution Ave. NW, IR-6406,
Washington, DC 20224. Do not send
the form to this address. Instead, see
Where To File on page 1.