2001 HTML Instructions for Form 8697, Table of Contents

Instructions for Form 8697 (Revised 0398)

2001 Tax Year

Interest Computation Under the Look-Back Method for Completed Long-Term Contracts

Instructions for Form 8697, Table of Contents

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This is archived information that pertains only to the 2001 Tax Year. If you
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Instructions for Form 8697

Privacy Act and Paperwork Reduction Act Notice.
General Instructions
Changes To Note
Election Not To Apply Look-Back Method in De Minimis Cases
Interest Rate Periods
Purpose of Form
Who Must File
General Rule
Exception for Certain Construction Contracts
Small Contract Exception
De Minimis Exception
Filing Instructions
If You Owe Interest or No Interest Is To Be Refunded To You
If Interest Is To Be Refunded To You
Filing a Corrected Form 8697
Attachments
Applying the Look-Back Method Under Special Situations
10% Method
Change Orders
Post-Completion Adjustments
General Rule
Delayed Reapplication Method
Specific Instructions
Filing Year
Name
Address
Item A - Identifying Number
Part I - Regular Method
Columns (a), (b), and (c)
Line 1
Line 2
Lines 4 and 5
Lines 7 and 8
Contracts Completed in Tax Years Ending Before August 6, 1997
Contracts Completed in Tax Years Ending After August 5, 1997
Line 9
Line 10
Part II - Simplified Marginal Impact Method
Columns (a), (b), and (c)
Line 1
Line 2
Line 3
Line 4
Line 5
Lines 8 and 9
Line 10
Line 11

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