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Income Tax Planning
Chapter 9: Tax Credits/GENERAL BUSINESS CREDIT
Warren Academy Course SyllabusSyllabus Slides
Chapter Study Session

Chapter 9: Tax Credits

GENERAL BUSINESS CREDIT

01.Core Concepts

• Comprised of a number (more than 30) of nonrefundable business credits combined into one amount (See Exhibit 9.12) • Rehabilitation Expenditure Credit • Work Opportunity Tax Credit • Research Activities Credit • Low-Income Housing Credit • Disabled Access Credit • Small Employer Pension Plan Startup Costs Credit • Military Spouse Retirement Plan Eligibility Credit • Unused credit is carried back one year, then forward 20 years.