Rev. November 2020
Form 8923 is a tax form used by taxpayers who employ miners in U.S. underground mines to claim the mine rescue team training credit. The credit applies to training program costs paid or incurred for qualified mine rescue team employees, with a maximum of $50,000 per employee annually. Taxpayers can claim 20% of these costs. Qualified employees are full-time miners eligible to serve as mine rescue team members for more than six months and have completed an initial 20-hour course or refresher training. Line 2 requires taxpayers to reduce their allowable training program costs by the amount on line 2, and lines 3 and 4 instruct taxpayers on reporting the credit. The document provides instructions for partnerships and S corporations and those who are not.
Form 8923 is one of Tax forms that are documents used to report information related to taxes to the relevant tax authority. There are various types of tax forms, including federal, state, and local tax forms, which can vary depending on the taxpayer's circumstances and location.
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