Research credit available to some businesses for the first time

Alternate Minimum Tax (AMT), Business Credit, Business Income Tax, Federal Income Tax, Income Tax, Internal Revenue Service, Tax, Tax Credits, Tax Cuts and Job Acts (TCJA), Tax Planning /

The Tax Cuts and Jobs Act (TCJA) didn’t change the federal tax credit for “increasing research activities,” but several TCJA provisions have an indirect impact on the credit. As a result, the research credit may be available to some businesses for the first time. AMT reform. Previously, corporations subject to alternative minimum tax (AMT) couldn’t […]

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