[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"detail-sidebar-cat-1-en-105":3,"doc-seo-301903-105":53,"doc-detail-301903-en":126},{"code":4,"msg":5,"data":6},0,"success",[7,14,19,24,29,34,39,44,49],{"id":8,"doc_module":9,"doc_module_name":10,"category_name":11,"show_sort_weight":12,"slug":13},11,1,"Template","Presentations",90,"presentations",{"id":15,"doc_module":9,"doc_module_name":10,"category_name":16,"show_sort_weight":17,"slug":18},12,"Resumes",80,"resumes",{"id":20,"doc_module":9,"doc_module_name":10,"category_name":21,"show_sort_weight":22,"slug":23},14,"Invoices",70,"invoices",{"id":25,"doc_module":9,"doc_module_name":10,"category_name":26,"show_sort_weight":27,"slug":28},15,"Posters",60,"posters",{"id":30,"doc_module":9,"doc_module_name":10,"category_name":31,"show_sort_weight":32,"slug":33},16,"Social Media",50,"social-media",{"id":35,"doc_module":9,"doc_module_name":10,"category_name":36,"show_sort_weight":37,"slug":38},17,"Forms",40,"forms",{"id":40,"doc_module":9,"doc_module_name":10,"category_name":41,"show_sort_weight":42,"slug":43},18,"Letters",30,"letters",{"id":45,"doc_module":9,"doc_module_name":10,"category_name":46,"show_sort_weight":47,"slug":48},21,"Paper Templates",5,"papers-templates",{"id":50,"doc_module":9,"doc_module_name":10,"category_name":51,"show_sort_weight":4,"slug":52},158,"General","general-158",{"code":4,"msg":54,"data":55},"ok",{"site_id":56,"language":57,"slug":58,"title":59,"keywords":60,"description":61,"schema_data":62,"social_meta":119,"head_meta":121,"extra_data":123,"updated_unix":125},105,"en","form-8860-qualified-zone-academy-bond-credit-2002","Form 8860 - Qualified Zone Academy Bond Credit (2002)","","Form 8860 (2002) is used by eligible holders of Qualified Zone Academy Bonds (QZABs) to claim the QZAB bond credit. It explains who may claim, the credit allowance date, and how the credit functions in lieu of periodic interest. The form provides Part I for the current year credit and Part II to compute the allowable credit using inputs such as regular tax, alternative minimum tax, and specified credit categories. 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The taxpayer files for each tax year it holds a bond on the applicable credit allowance date.",{"name":115,"@type":106,"acceptedAnswer":116},"How is the QZAB credit allowance date defined?",{"text":117,"@type":109},"The credit allowance date is the last day of the 1-year period beginning on the bond issue date and the last day of each successive 1-year period thereafter. The credit is deemed paid on that date.","https://schema.org",{"og:url":78,"og:type":120,"og:title":59,"og:site_name":91,"og:description":61},"article",{"robots":122,"canonical":78},"index,follow",{"doc_id":124,"site_id":56},301903,1790195935,{"code":4,"msg":5,"data":127},{"doc_id":124,"user_id":128,"nickname":88,"user_avatar":129,"doc_module":9,"category_id":35,"category_name":36,"doc_title":59,"doc_description":61,"doc_content":130,"file_id":131,"file_url":132,"file_type":133,"file_size":134,"view_count":9,"is_deleted":4,"is_public":9,"is_downloadable":9,"audit_status":9,"page_count":73,"language":135,"language_code":57,"site_id":56,"html_lang":57,"table_of_contents":136,"faqs":137,"seo_title":138,"seo_description":61,"update_tm":139,"read_time":9},687197207057,"https://ap-avatar.wpscdn.com/davatar_29158cc5080c5b710cf443261637dec0","Form 8860  \nDepartment of the Treasury Internal Revenue Service  \nQualified Zone Academy Bond Credit  \n􀀁 Attach to your tax return.  \n􀀁 See instructions on back.  \nOMB No. 1545-1606  \nAttan0t 2 Sequence no. 133  \n\n| Name | Employer identification number\u003Cbr>|\n| --- | --- |\n\n Part I  Current Year Credit  \n\n| (a)\u003Cbr>Bond issuer’s name, city or town, and state | (b)\u003Cbr>Month and year\u003Cbr>bond issued | (c)\u003Cbr>Outstanding principal amount of bond | (d)\u003Cbr>Credit rate | (e)\u003Cbr>Credit ((c) x (d)) |  |  |\n| --- | --- | --- | --- | --- | --- | --- |\n| 1 |  |  |  |  |  |  |\n|  |  |  |  |  |  |  |\n|  |  |  |  |  |  |  |\n|  |  |  |  |  |  |  |\n|  |  |  |  |  |  |  |\n| 2a Qualified zone academy bond credit from Schedule K-1 (Form 1120S), line 13  b Enter the S corporation’s employer identification number (EIN)  –  3 Current year qualified zone academy bond credit. Add line 2a and all amounts on line 1, column\u003Cbr>(e). Caution: You must include this amount in gross income before going to Part II below  |  |  |  | 2a |  |  |\n|  |  |  |  | \u003Cbr>3 |  |  |\n\n Part II Allowable Credit (S corporations, see instructions)  \n\n| 4 Regular tax before credits:\u003Cbr>● Individuals. Enter the amount from Form 1040, line 42 \u003Cbr>●linCorporae of thetiocnorsp.oErnattieornt’ereamoturnunt from Form 1120, Schedule J, line 3, or the applicable  􀀁\u003Cbr>● Estates and trusts. Enter the sum of the amounts from Form 1041, Schedule G, lines 1a and 1b, or the amount from the applicable line of your return\u003Cbr>5 Alternative minimum tax:\u003Cbr>●●● CEItraiiuraslisond.nEst.nrensrtmaernoeomoro2Fr2,n,1el0i,15Schedule I, line 56  􀀁\u003Cbr>6 Add line 4 and line 5\u003Cbr>7a Foreign tax credit \u003Cbr>b Credit for child and dependent care expenses (Form 2441, line 11)\u003Cbr>c Credit for the elderly or the disabled (Schedule R (Form 1040), line 24)\u003Cbr>d Education credits (Form 8863, line 18)\u003Cbr>e Credit for qualified retirement savings contributions (Form 8880, line 14)\u003Cbr>f Child tax credit (Form 1040, line 50)\u003Cbr>g Mortgage interest credit (Form 8396, line 11)\u003Cbr>h Adoption credit (Form 8839, line 18) i District of Columbia first-time homebuyer j Possessions credit (Form 5735)\u003Cbr>k Credit for fuel from a nonconventional source l Qualified electric vehicle\u003Cbr>m General business credit (see instructions) n Credit for prior year minimum tax\u003Cbr>o Add lines 7a through 7n \u003Cbr>8 Net income tax. Subtract line 7o from line 6 \u003Cbr>9 Allowable credit. Enter the smaller of line 3 or line 8 here and on Form 1040, line 53; Form 1120, Schedule J, line 6f; Form 1041, Schedule G, line 3; or the applicable line of your return. Caution: If line 9 is smaller than line 3, you generally should deduct the unallowed credit in figuring your taxable income for this tax year. Because this deduction will affect the allowable credit, refigure the unallowed credit until it equals the deduction. However, you may be able to deduct the unallowed credit attributable to bonds sold after September 25, 2000, in the next tax year (see instructions) \u003Cbr>\u003Cbr>credit (Form 8859, line 11)\u003Cbr>\u003Cbr>credit (Form 8834, line 20) \u003Cbr>7a 7b 7c 7d 7e 7f 7g 7h 7i 7j 7k 7l 7m 7n | \u003Cbr>4 |  |  |\n| --- | --- | --- | --- |\n|  | \u003Cbr>5 |  |  |\n|  | \u003Cbr>6 |  |  |\n|  | \u003Cbr>7o |  |  |\n|  | 8 |  |  |\n|  | \u003Cbr>9 |  |  |\n\nFor Paperwork Reduction Act Notice, see back of form. Cat. No. 24804G Form 8860 (2002)  \nGeneral Instructions  \nSection references are to the Internal Revenue Code unless otherwise noted.  \nA Change To Note  \nS corporations may be eligible holders of a qualified zone academy bond (QZAB). This change applies to tax years ending after 1997.  \nPurpose of Form  \nEligible holders of qualified zone academy bonds (QZABs) use Form 8860 to claim the QZAB bond credit. A QZAB is a taxable bond issued after 1997 by a state or local government, the proceeds of which are used to improve certain eligible public schools. In lieu of receiving periodic interest payments from the issuer, an eligible holder of the bond is generally allowed an annual income tax credit while","cbCaikMTVXLSre6B","https://ap.wps.com/l/cbCaikMTVXLSre6B","pdf",60726,"English","# Part I: Current Year Credit\n## Line 2 and S corporation treatment\n## Line 1 columns (c) and (d)\n# Part II: Allowable Credit\n## Regular tax before credits\n## Alternative minimum tax\n## Lines 7a–7n and allowable credit\n# General Instructions\n## Change To Note\n## Purpose of Form\n## Who May Claim the Credit\n## Specific Instructions","[{\"question\":\"What is Form 8860 (2002) used for?\",\"answer\":\"Eligible holders of Qualified Zone Academy Bonds (QZABs) use Form 8860 to claim the QZAB bond credit for the tax year they hold the bond on a credit allowance date.\"},{\"question\":\"Who may claim the QZAB bond credit on Form 8860?\",\"answer\":\"Eligible holders include banks, insurance companies, or other lending corporations, or shareholders of an S corporation that is an eligible holder. The taxpayer files for each tax year it holds a bond on the applicable credit allowance date.\"},{\"question\":\"How is the QZAB credit allowance date defined?\",\"answer\":\"The credit allowance date is the last day of the 1-year period beginning on the bond issue date and the last day of each successive 1-year period thereafter. The credit is deemed paid on that date.\"}]","Form 8860 - Qualified Zone Academy Bond Credit (2002) | PDF",1789786615]