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                                                                                                   Department of the Treasury
                                                                                                   Internal Revenue Service
Instructions for Form 6765

(Rev. January 2024)
Credit for Increasing Research Activities

Section references are to the Internal Revenue Code unless           information that is technological in nature, and its application 
otherwise noted.                                                     must be intended for use in developing a new or improved 
                                                                     business component of the taxpayer. In addition, 
Future Developments                                                  substantially all of the activities of the research must be 
For the latest information about developments related to             elements of a process of experimentation relating to a new or 
Form 6765 and its instructions, such as legislation enacted          improved function, performance, reliability, or quality. These 
after they were published, go to IRS.gov/Form6765.                   tests to determine qualified research must be applied 
                                                                     separately with respect to each business component of the 
What’s New                                                           taxpayer. The research credit generally isn’t allowed for the 
                                                                     following types of activities.
Increase in the payroll tax credit.   For tax years beginning          Research conducted after the beginning of commercial 
                                                                     •
after 2022, the maximum amount of payroll tax research               production.
credit a small business can apply against payroll tax liability        Research adapting an existing product or process to a 
                                                                     •
increased from $250,000 to $500,000. See Payroll Tax Credit          particular customer’s need.
Election, later.                                                       Duplication of an existing product or process.
                                                                     •
Reminders                                                            • Surveys or studies.
                                                                     • Research relating to certain internal-use computer 
Research credit claims on amended returns.         If you are        software.
claiming a refund or credit on an amended return or an               • Research conducted outside the United States, Puerto 
administrative adjustment request (AAR) that includes a              Rico, or a U.S. territory.
section 41 credit for increasing research activities (research       • Research in the social sciences, arts, or humanities.
credit), you must also provide certain specific information for      • Research funded by another person (or governmental 
your claim to be considered valid. See Research Credit               entity).
Claims on Amended Returns, later.
                                                                       If you incur qualified clinical testing expenses relating to 
Partners of Bipartisan Budget Act (BBA) Partnership.                 drugs for certain rare diseases, you can elect to claim the 
See Partners of BBA Partnership, later, for more information         orphan drug credit for these expenses instead of the 
about adjustments to credits.                                        research credit. See Form 8820, Orphan Drug Credit.
                                                                       See section 41 and Regulations sections 1.41-2 and 
General Instructions                                                 1.41-4 for other definitions and special rules.

Purpose of Form                                                      Eligible Small Business (For Purposes of 
Use Form 6765 to figure and claim the credit for increasing          Offsetting AMT Only)
research activities, to elect the reduced credit under section 
280C, and to elect to claim a certain amount of the credit as a      An eligible small business is:
payroll tax credit against the employer portion of social            • A corporation whose stock isn’t publicly traded,
security taxes.                                                      • A partnership, or
                                                                     • A sole proprietorship.
Partnerships and S corporations must file this form to 
claim the credit. All others are generally not required to             The average annual gross receipts of the corporation, 
complete or file this form if their only source for this credit is a partnership, or sole proprietorship for the 3-tax-year period 
partnership, S corporation, estate, or trust. Instead, they can      preceding the tax year of the credit can’t exceed $50 million. 
report this credit directly on Form 3800, General Business           Gross receipts for any tax year must be reduced by returns 
Credit. The following exception applies: You are a taxpayer          and allowances made during the year. Any reference to your 
that is an estate or trust and the credit can be allocated to        business also includes a reference to any predecessor of 
beneficiaries. For more details, see the instructions for            your business. If your business wasn’t in existence for the 
Schedule K-1 (Form 1041), box 13.                                    entire 3-year period, base your average annual gross receipts 
                                                                     on the period your business existed. Also, if your business 
Note. Corporations filing an amended return to claim a credit        had a tax year of less than 12 months, your gross receipts 
or refund of the research credit, see Notice 2008-39, 2008-13        must be annualized by multiplying the gross receipts for the 
I.R.B. 684, available at IRS.gov/irb/                                short period by 12 and dividing the result by the number of 
2008-13_IRB#NOT-2008-39, for information on where to file.           months in the short period.
Definitions                                                          Note.   Gross receipts must meet the definition under section 
                                                                     448(c)(2) and (3) and Regulations section 1.448-1T(f)(2)(iv).
Qualified Research                                                     Member of controlled group, business under common 
The research credit is generally allowed for expenses paid or        control, or affiliated group. For purposes of the gross 
incurred for qualified research. Qualified research means            receipts test, all members of a controlled group of 
research for which expenses may be treated as section 174            corporations (as defined in section 52(a)) and all members of 
expenses. This research must be undertaken for discovering           a group of businesses under common control (as defined in 

Jan 16, 2024                                               Cat. No. 13701S

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section 52(b)) are treated as a single person; and all             the first quarter that begins after it files the return reflecting 
employees of the members of an affiliated service group (as        the payroll tax election. See Notice 2017-23 for more 
defined in sections 414(m) and (o)) shall be treated as            information. A qualified small business claiming the payroll 
employed by a single person.                                       tax credit on its employment tax return must complete Form 
  Treatment of partners and S corporation                          8974 and attach the completed form to the employment tax 
shareholders. A partner or S corporation shareholder can’t         return.
be treated as an eligible small business unless both the 
partnership or S corporation and the partner or S corporation      Special Rules
shareholder meet the gross receipts test as discussed under        See section 41(f) and 1.41-7 for special rules related to:
Eligible Small Business, earlier, for the tax year that the credit • Aggregation of expenses for members of controlled groups 
is treated as a current year general business credit.              and businesses under common control;
                                                                   • Allocation of the credit by partnerships, estates, and trusts;
Qualified Small Business (Payroll Tax Credit                       • Adjustments, if a major portion of a business is acquired or 
Election)                                                          disposed of; and
A qualified small business is a corporation (including an S        • Short tax years.
corporation) or partnership with:                                    For special rules concerning the allocation and 
  1. Gross receipts of less than $5 million for the tax year,      apportionment of research and experimental expenses 
and                                                                between U.S. and foreign source income, see sections 861 
  2. No gross receipts for any tax year before the 5-tax-year      through 864.
period ending with the tax year.
                                                                   Member of Controlled Group of 
  Any other person may be considered a qualified small 
                                                                   Corporations or Group of Trades or 
business if the person meets the requirements of (1) and (2) 
above, taking into account the aggregate gross receipts            Businesses Under Common Control 
received in all the trades or businesses.
                                                                   (Controlled Group)
  The term “gross receipts” for purposes of determining            For purposes of figuring the credit, all members of a 
whether your business is a qualified small business means          controlled group of corporations (as defined in section 41(f)
gross receipts as determined under section 448(c)(3)               (1)(A) and (f)(5)) and all members of a group of trades or 
(without regard to subparagraph (A) thereof) and Regulations       businesses under common control (as defined in section 
sections 1.448-1T(f)(2)(iii) and (iv). The definition of gross     41(f)(1)(B) and Regulations section 1.41-6(a)(3)(ii)) are 
receipts under section 41(c)(6) and Regulations section            treated as a single taxpayer. Use Section A or B to figure the 
1.41-3(c) doesn’t apply for this purpose. Any reference to         credit for the entire group. As a member, your credit is 
your trade or business also includes a reference to any            determined on a proportionate basis to your share of the 
predecessor of your trade or business. Also, if your trade or      aggregate qualified research expenses for increasing 
business had a tax year of less than 12 months, your gross         research activities taken into account by the group for the 
receipts must be annualized by multiplying the gross receipts      research credit. Enter your share of the credit on line 17 or 
for the short period by 12 and dividing the result by the          line 34, whichever applies. Attach a statement showing how 
number of months in the short period.                              your share of the credit was figured, the name and employer 
  A qualified small business doesn’t include a tax-exempt          identification numbers or taxpayer identification numbers of 
organization under section 501.                                    the other members of the group, and the designated 
                                                                   member. Write “See Attached” next to the entry space for 
Payroll Tax Credit Election                                        line 17 or line 34.
The payroll tax credit election is an annual election made by        If a member of a controlled group has filed its return using 
a qualified small business specifying the amount of research       a method different from that of the designated member, then 
credit, not to exceed $500,000, that may be used against the       that member should file an amended return to conform to the 
employer portion of social security liability. The credit is the   designated member's method.
smallest of the current year research credit, an elected 
amount not to exceed $500,000, or the general business               A member of a controlled group can’t make an alternative 
credit carryforward for the tax year (before the application of    simplified credit (ASC) election in a tax year on an amended 
the payroll tax credit election for the tax year). The general     return if any member of the controlled group for that tax year 
business credit carryforward limitation doesn’t apply to           previously claimed the research credit using a method other 
partnerships or S corporations. The election must be made          than the ASC on an original or amended return for that year. 
on or before the due date of the originally filed income tax       For additional rules regarding the election (or revocation of 
return (including extensions). An election can’t be made for a     the election) of the ASC in Section B by a controlled group of 
tax year if an election was made for 5 or more preceding tax       corporations, see Regulations section 1.41-9.
years. The election made by a partnership or S corporation is 
                                                                     For purposes of the reduced credit election, a member of 
made at the entity level. Any election to take the payroll tax 
                                                                   a controlled group may make the election under section 
credit may be revoked only with the consent of the IRS. For 
                                                                   280C(c)(3). However, only the common parent (within the 
more information about the payroll tax credit, see Notice 
                                                                   meaning of Regulations section 1.1502-77(a)(1)(i)) of a 
2017-23, 2017-16 I.R.B. 1100, available at IRS.gov/irb/
                                                                   consolidated group may make the election on behalf of the 
2017-16_IRB#NOT-2017-23.
                                                                   members of a consolidated group.
  Claiming the credit on employment tax return.        A 
qualified small business that elects to claim the payroll tax        For purposes of the payroll tax credit election, all members 
credit will claim the payroll tax credit against the employer’s    of the same controlled group are treated as a single taxpayer. 
portion of social security tax on its employment tax return for    Thus, the aggregate gross receipts of all members of such a 

2                                                                                     Instructions for Form 6765 (January 2024)

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group must be taken into account in determining whether a 
                                                                  Line 2
business is a qualified small business. See Qualified Small 
Business, earlier. In addition, a member of such a group may      Enter the amounts the corporation (not to include S 
not make a payroll tax credit election if the member (or any      corporations, personal holding companies, and service 
other member of the member’s group) has made a payroll tax        organizations) paid in cash, under a written contract, for basic 
credit election for 5 or more preceding tax years.                research to a qualified university, scientific research 
                                                                  organization, scientific tax-exempt organization, or grant 
  Each member of a controlled group separately makes the          organization. See section 41(e) for details, including the 
payroll tax credit election. The amount that each member of       definitions of qualified organizations.
the group can separately elect is limited to the least of (a) the 
electing member’s allocable share of the group credit             Line 3
(determined under the rules discussed above); (b) the             Enter the qualified organization base period amount based 
electing member’s allocable share of the $500,000 amount;         on minimum basic research amounts plus 
or (c) in the case of an electing member other than a             maintenance-of-effort amounts for the 3 preceding tax years. 
partnership or S corporation, the amount of the electing          See section 41(e) for details.
member’s business credit carryforward under section 39 
carried from the tax year (determined before the application      Line 7
of the payroll tax credit election for the tax year). The         Enter the amount you paid or incurred for the rental or lease 
$500,000 amount is allocated to each member of the group,         of computers used in qualified research. The computer must 
regardless of whether all members of the group make the           be located off your premises and you mustn’t be the operator 
payroll tax credit election, on a proportionate basis to each     or primary user of the computer. Reduce this amount by the 
member’s share of the aggregate of the qualified research         amount that you (or any member of a controlled group of 
expenses taken into account for the tax year by the group for     corporations or businesses under common control) received 
purposes of the credit.                                           or accrued for the right to use substantially identical property.

                                                                  Line 8
Specific Instructions                                             Enter the amounts you paid or incurred, subject to the 
                                                                  following limitations.
You can:
• Claim the regular credit in Section A, or                       • 100% of amounts you paid (or incurred) for qualified 
                                                                  energy research performed by an eligible small business, a 
• Elect the alternative simplified credit (ASC) in Section B.
                                                                  university, or a federal laboratory (see section 41(b)(3)(D) for 
  You may want to figure your credit using both of the            definitions of those entities). Also include payments to those 
methods for which you are eligible to get the maximum credit      same entities to the extent they are included as basic 
allowed.                                                          research payments on line 2, not to exceed the base period 
                                                                  amount on line 3.
  Once elected, the ASC applies to the current tax year and       • 75% of amounts you paid (or incurred) for qualified 
all later years. A current tax year's ASC election may not be     research by a qualified research consortium (as defined by 
revoked. You may revoke the election for a later tax year by      section 41(b)(3)(C)(ii)). Also include 75% of the payments to 
completing Section A relating to the regular credit and           a qualified research consortium to the extent they are 
attaching the Form 6765 to your timely filed (including           included as basic research payments on line 2, not to exceed 
extensions) original return for the year to which the revocation  the base period amount on line 3.
applies. See Regulations section 1.41-9(b)(3).                    • 65% of amounts you paid (or incurred) for all other 
                                                                  qualified research by any other person. Also include 65% of 
  After figuring your credit, you can elect to treat a portion of the payments to that person to the extent they are included 
the credit as a payroll tax credit. Complete Section D to         as basic research payments on line 2, not to exceed the base 
determine the payroll tax credit portion. Taxpayers other than    period amount on line 3.
partnerships and S corporations must complete Form 3800 
before completing Section D.                                      Note. Prepaid contract research expenses are considered 
                                                                  paid in the year the research is actually done.
Section A—Regular Credit
Skip this section and go to Section B if:                         Line 10
  1. You are electing the ASC, or                                 The fixed-base percentage depends on whether you are an 
  2. You previously elected the ASC and aren’t revoking the       existing company or a start-up company.
election on this return.                                            A start-up company is a taxpayer that had both gross 
  Enter the amounts you paid or incurred to energy research       receipts and qualified research expenses either:
consortia for energy research. Energy research doesn’t            • For the first time in a tax year beginning after 1983, or
include any research that isn’t qualified research. In general,   • For fewer than 3 tax years beginning after 1983 and before 
an energy research consortium is any organization described       1989.
in section 501(c)(3), exempt from tax under section 501(a), 
organized and operated primarily to conduct energy                  The fixed-base percentage for a start-up company is 
research, and not a private foundation. See section 41(f)(6)      figured as follows.
for further details.                                              • For the first 5 tax years beginning after 1993 for which you 
                                                                  have qualified research expenses, the percentage is 3%.
Line 1                                                            • For the 6th tax year beginning after 1993 for which you 
Any amount included on line 1 can’t be included elsewhere         have qualified research expenses, divide the aggregate 
on the return.                                                    qualified research expenses for the 4th and 5th such tax 

Instructions for Form 6765 (January 2024)                                                                                       3

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years by the aggregate gross receipts for those tax years,       the election. In order for the election to apply, the Form 6765 
then divide the result by 6.                                     must be filed with your original timely filed (including 
• For the 7th tax year beginning after 1993 for which you        extensions) return for the tax year. Once made, the election is 
have qualified research expenses, divide the aggregate           irrevocable for that tax year.
qualified research expenses for the 5th and 6th such tax 
                                                                     Checking the box on line 17 or line 34 to elect the 
years by the aggregate gross receipts for those tax years, 
                                                                 TIP reduced research credit when no research credits are 
then divide the result by 3.
                                                                     claimed on the original return doesn’t mean that you 
• For the 8th tax year beginning after 1993 for which you 
                                                                 are claiming the regular research credit or that you are 
have qualified research expenses, divide the aggregate 
                                                                 making the ASC election.
qualified research expenses for the 5th, 6th, and 7th such tax 
years by the aggregate gross receipts for those tax years, 
                                                                   If you don't elect the reduced credit, and if the amount of 
then divide the result by 2.
                                                                 the credit determined for the taxable year exceeds the 
• For the 9th tax year beginning after 1993 for which you 
                                                                 amount allowable as a deduction for such taxable year for 
have qualified research expenses, divide the aggregate 
                                                                 qualified research expenses or basic research expenses, 
qualified research expenses for the 5th, 6th, 7th, and 8th 
                                                                 reduce the amount chargeable to capital account for the 
such tax years by the aggregate gross receipts for those tax 
                                                                 taxable year for such expenses by the amount of the excess. 
years, then divide the result by 1.5.
                                                                 Attach a statement to your tax return that lists the capitalized 
• For the 10th tax year beginning after 1993 for which you 
                                                                 expenses that were reduced. Identify the schedule or forms 
have qualified research expenses, divide the aggregate 
                                                                 for capitalized items on which the reductions were made.
qualified research expenses for the 5th through 9th such tax 
years by the aggregate gross receipts for those tax years,         If you make an election to claim a portion of your research 
then divide the result by 1.2.                                   credit as a payroll tax credit, the amount elected is treated as 
• For the 11th and later tax years beginning after 1993 for      a research credit for purposes of the reduced credit.
which you have qualified research expenses, divide the 
aggregate qualified research expenses for any 5 of the 5th       Section B—Alternative Simplified 
through 10th such tax years by the aggregate gross receipts 
for those tax years.                                             Credit (ASC)
                                                                 Complete this section only if, instead of the regular credit:
  The fixed-base percentage for an existing company (any 
company that isn’t a start-up company) is figured by dividing      1. You are electing the ASC, or
the aggregate qualified research expenses for the tax years        2. You previously elected the ASC and aren’t revoking the 
beginning after 1983 and before 1989 by the aggregate gross      election on this return.
receipts for those tax years.
                                                                 Electing the ASC.   You elect the ASC by completing 
  The fixed-base percentage for all companies (existing and      Section B and attaching the completed Form 6765 to your 
start-up) must be rounded to the nearest 1/100th of 1% (that     timely filed (including extensions) original return for the tax 
is, four decimal places) and can’t exceed 16%. In addition,      year the election applies. An ASC election can be made on 
when figuring your fixed-base percentage, you must reflect       an amended return for a tax year only if you hadn’t previously 
expenses for qualified research conducted in Puerto Rico or      claimed the research credit on an original return or amended 
a U.S. territory for all prior tax years included in the         return for that tax year. An extension of time to make the ASC 
computation.                                                     election will not be granted.
  If short tax years are involved, see Regulations section 
1.41-3(b).                                                       Line 29
                                                                 Enter your qualified research expenses for the prior 3 tax 
        Reduce gross receipts by returns and allowances.         years. If the credit terminates during the tax year, prorate the 
  !     For a foreign corporation, include only gross receipts   qualified research expenses for the prior 3 tax years for the 
CAUTION that are effectively connected with a trade or 
                                                                 number of days the credit applied during the tax year.
business in the United States (or in Puerto Rico or a U.S. 
territory, if applicable).                                       Section C—Current Year Credit

Line 11                                                          Line 35
Enter the average annual gross receipts (reduced by returns      If the credit on line 17 or line 34 includes amounts paid to 
and allowances) for the 4 tax years preceding the tax year for   employees as wages, and you are claiming a credit for 
which the credit is being determined. You may be required to     employer differential wage payments based on payments you 
annualize gross receipts for any short tax year. For a foreign   made to the same employees, enter on line 35 the portion of 
corporation, include only gross receipts that are effectively    the credit from Form 8932, line 2, that is attributable to wages 
connected with a trade or business in the United States (or in   that were used to figure the credit on line 17 or line 34 
Puerto Rico or a U.S. territory, if applicable).                 (whichever applies).
  For a tax year that the credit terminates, the average           See Form 8932, Credit for Employer Differential Wage 
annual gross receipts for the 4 tax years preceding the          Payments, for more information on the credit.
termination tax year is prorated for the number of days the 
credit applied during the tax year.                              Line 37
                                                                 Enter total credit for increasing research activities from:
Line 17                                                          • Schedule K-1 (Form 1065), Partner's Share of Income, 
If you are electing the reduced research credit, you must        Deductions, Credits, etc., box 15 (code M);
complete Form 6765 (even if no research credits are claimed      • Schedule K-1 (Form 1120S), Shareholder's Share of 
on the original return) and clearly indicate your intent to make Income, Deductions, Credits, etc., box 13 (code M); and

4                                                                       Instructions for Form 6765 (January 2024)

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• Schedule K-1 (Form 1041), Beneficiary's Share of Income, 
                                                                   Line 44
Deductions, Credits, etc., box 13 (code I).
                                                                   Enter the amount from line 44 on the applicable line of Form 
  Partnerships and S corporations report the above credits         8974, Part 1, column (e), Qualified Small Business Payroll 
on line 37. Also, estates and trusts that can allocate the         Tax Credit for Increasing Research Activities. Use Form 8974 
source credit to beneficiaries report the above credits on         to figure the amount to be applied to your payroll taxes.
line 37. All other filers figuring a separate credit on earlier 
lines also report the above credits on line 37. All others not     A qualified small business claiming a portion of the 
using earlier lines to figure a separate credit can report the     research credit as a payroll tax credit must adjust the 
above credits directly on Form 3800, Part III, as follows.         research credit carryforward for the payroll tax credit claimed.
• Eligible small businesses, report the credit on line 4i. See 
the definition of “eligible small business” under Definitions,     Research Credit Claims on Amended 
earlier. Also see Treatment of partners and S corporation          Returns
shareholders, earlier.                                             If you are claiming a refund or credit on an amended return or 
• All others, report the credit on line 1c.                        an AAR (as applicable) that includes a section 41 credit for 
                                                                   increasing research activities that either (a) was not reported 
Line 39                                                            on your original filed return or (b) is increased from the 
Estates and trusts. Allocate the credit for increasing             amount reported on your original return, the following five 
research activities on line 38 between the estate or trust and     items of information must be identified and provided with your 
the beneficiaries in the same proportion as income was             claim.
allocated and enter the beneficiaries’ share on line 39.           1. Identify all the business components to which the 
  If the estate or trust is subject to the passive activity rules, research credit claim relates for that year.
include on line 37 any credit for increasing research from         2. For each business component, identify all the research 
passive activities disallowed for prior years and carried          activities performed.
forward to this year. Complete Form 8582-CR, Passive               3. For each business component, name the individuals 
Activity Credit Limitations, to determine the allowed credit       who performed each research activity. A taxpayer may 
that must be allocated between the estate or trust and the         instead identify the individuals who performed each research 
beneficiaries. For details, see the Instructions for Form          activity by listing the individual's title or position.
8582-CR.
                                                                   4. For each business component, describe the 
Section D—Qualified Small Business                                 information each individual sought to discover.
Payroll Tax Election and Payroll Tax                               5. Provide the total qualified employee wage expenses, 
                                                                   total qualified supply expenses, and total qualified contract 
Credit                                                             research expenses paid or incurred for the research credit 
Complete this section only if you are making the payroll tax       claim. This fifth item may be done by using Form 6765.
election. Before completing this section, you must complete        If you submit a credit study or other document, please 
Form 3800 if you are a qualified small business other than a       identify the exact pages that contain the five items of 
partnership or an S corporation.                                   information described above.
Line 41                                                            BBA Partnerships must also submit Forms 8985 and 8986 
Check the box on line 41 if you are a qualified small business     to the IRS and send Forms 8986 to their partners. BBA 
electing to claim a certain portion of your research credit as a   Partnerships do not need to provide the five items of 
payroll tax credit. See the definition of "qualified small         information on the Forms 8985 and Forms 8986 where the 
business" under Definitions, earlier.                              five items of information are included with the Form 6765 
                                                                   attached to the BBA Partnership's AAR.
Line 42                                                            Partners of BBA Partnership.          BBA Partnerships may not 
Enter the portion of your research credit, figured on line 36,     file an amended return; they must instead file an AAR to 
that you are claiming as a payroll tax credit. Don’t enter more    change any partnership-related items for any previously filed 
than $500,000.                                                     partnership tax returns. If you are a partner of a BBA and 
                                                                   filing a return that includes a research credit reported on the 
Line 43                                                            BBA Partnership's AAR, you may, but are not required to, 
Use the worksheet to figure the general business credit            include the five items of information with your return to which 
carryforward for the current year.                                 your Form 8978 is attached if the BBA Partnership has 
                                                                   provided the information to you with their AAR.

Worksheet for Figuring General Business Credit Carryforward                                              Keep for Your Records
1. Enter the sum of the following lines from Form 3800, Part I, line 6, and Part II, line 25 and line 36 . . . . . . . . . . . . . . . . . . . . . . . . . .                         ____
2. Enter the amount from Form 3800, Part II, line 38  . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .          ____
3. Subtract line 2 from line 1 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .____
4. Enter the amount from Form 3800, Part I, line 5, and Part II, line 35  . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .              ____
5. Current year general business credit carryforward. Subtract line 4 from line 3. If zero or less, enter -0- . . . . . . . . . . . . . . . . . . . . . . .                          ____

Instructions for Form 6765 (January 2024)                                                                                                                                                 5

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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 aren’t 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 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 burden for 
individual and business taxpayers filing this form is approved under OMB control number 1545-0074 and 1545-0123 and is 
included in the estimates shown in the instructions for their individual and business income tax return. The estimated burden for 
all other taxpayers who file this form is shown below.

Recordkeeping . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 hr., 31 min.
Learning about the law or the form. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .     2 hr., 25 min.
Preparing and sending the form to the IRS. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .        5 hr., 6 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. See the instructions for the tax return with which this form is filed.

6                                                                                                                   Instructions for Form 6765 (January 2024)