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Form 8923 (Rev. 11-2020) Page 2
General Instructions Specific Instructions
Section references are to the Internal Revenue Code unless Line 2
otherwise noted.
In general, you must reduce your allowable training program
Future Developments costs by the amount on line 2. This is required even if you
cannot take the full credit this year and must carry part of it
For the latest information about developments related to Form back or forward. If you capitalized any costs included on line 1,
8923 and its instructions, such as legislation enacted after they reduce the amount capitalized by the credit on line 2
were published, go to www.irs.gov/Form8923. attributable to these costs.
What’s New Line 3
The mine rescue team training credit is extended for qualified Enter the total mine rescue team training credit from:
mine rescue team training costs paid or incurred for tax years • Schedule K-1 (Form 1065), Partner’s Share of Income,
beginning after 2017 and before 2021. Deductions, Credits, etc., box 15 (code P); or
Purpose of Form • Schedule K-1 (1120-S), Shareholder’s Share of Income,
Deductions, Credits, etc., box 13 (code P).
Taxpayers who employ individuals as miners in U.S.
underground mines use Form 8923 to claim the mine rescue Partnerships and S corporations must always report the
team training credit. This credit applies to training program above credit on line 3. All other filers can report the above
costs paid or incurred for qualified mine rescue team credits directly on Form 3800, Part III, line 1u, and don’t need to
employees. This credit expired for tax years beginning after file this form.
2020. To find out if the mine rescue team training credit is
extended beyond 2020, go to www.irs.gov/Form8923. Paperwork Reduction Act Notice.We ask for the information
on this form to carry out the Internal Revenue laws of the United
Definitions States. You are required to give us the information. We need it
Training program costs. Taxpayers who employ individuals as to ensure that you are complying with these laws and to allow
miners in U.S. underground mines can claim a credit of 20% of us to figure and collect the right amount of tax.
the training program costs paid or incurred during the tax year You are not required to provide the information requested on
for training of qualified mine rescue team employees. The a form that is subject to the Paperwork Reduction Act unless
maximum amount of training program costs that may be taken the form displays a valid OMB control number. Books or
into account annually for each qualified employee is $50,000. records relating to a form or its instructions must be retained as
The training costs include wages paid or incurred while the long as their contents may become material in the
qualified employee is attending a training program. administration of any Internal Revenue law. Generally, tax
Qualified employee. A qualified mine rescue team employee is returns and return information are confidential, as required by
any full-time employee of the taxpayer who is a miner eligible to section 6103.
serve for more than 6 months of the year as a mine rescue team The time needed to complete and file this form will vary
member. The employee must have completed, at a minimum, an depending on individual circumstances. The estimated burden
initial 20-hour course of instruction, as prescribed by the Mine for business taxpayers filing this form is approved under OMB
Safety and Health Administration's Office of Educational Policy control number 1545-0123 and is included in the estimates
and Development, or received at least 40 hours of refresher shown in the instructions for their business income tax return.
training in such instruction. See 30 CFR section 49.8 for If you have comments concerning the accuracy of these time
refresher training requirements. estimates or suggestions for making this form simpler, we would
Wages. Wages qualifying for the credit generally have the same be happy to hear from you. See the instructions for the tax
meaning as wages subject to the Federal Unemployment Tax return with which this form is filed.
Act (FUTA), but without regard to any dollar limit.
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