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Printable Form Instructions 8801 Sugar Land Texas: What You Should Know
The apartment complex houses 26 apartments. The owner has paid 0.1 million in AMT for the year ending on August 31, 2014. This does not include the AMT the owner may owe due to any state tax law (see Form 5695, Additional Medicare Tax, and the Form 8889, Additional Medicare Tax and Other Tax Withholding Considerations, or the Internal Revenue Code, Section 6511, “Additional Medicare Tax” for more information). On this date, only 8 of the apartments had AMT owed. For the remainder, the owner is in a loss. Accordingly, the owner should not be expected to submit a separate tax return using this form. Example 4 is from IRS Audit Techniques Guide on the Individual AMT A. In this example, F is the owner of the apartment complex and owns the property in accordance with the Texas City Property Assessed Clean Energy (PLACE) program enacted by Texas City Council on July 2, 2011, pursuant to its Resolution No. 2-2011-6. Under this law F shall pay 0.1 million in AMT. In 2014, F filed this Form 8801 for the remainder of the year. B. Because F has the property under the Texas City Independent attendance zone or in the non-AMI area of the property, he does not incur AMT in connection with the PLACE program. Under these terms, F does not need to include on his return the 1.7 million in AMT which he paid as a result of the Texas City AMT program. C. F's 1.7 million includes the following AMT: -- 0.1 million AMT paid on the property because of Texas City's AMT program. (Under Texas City's PLACE program, the total tax paid is the net difference between the total tax paid on the property and what it would have been had it not been placed in the independent attendance zone.) -- 0.3 million AMT in connection with the Texas City Independent attendance zone. (Under Texas City's PLACE program, the AMT paid on tax year 2023 was reduced by the difference in AMT amounts paid in Texas City for property under the Independent attendance zone and otherwise.) (F's total AMT for the year was 1.7 million.) -- 0.2 million AMT for all taxes it must pay under existing Texas City tax law, and for AMT of 1.
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