Qualifying vessel operators file this form to: make an alternative tax election under section 1354(a), report the termination of such an election, to report information relating to such an election, and to compute the alternative tax. Current Revision Form 8902 PDF Instructions for Form 8902 (Print Version PDF) Recent Developments None at this time. Other Items You May Find Useful All Form 8902 Revisions About Form 1120, U.S. Corporation Income Tax Return About form 1120-F, U.S. Income Tax Return of a Foreign Corporation Other Current Products