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Income Tax Planning
Chapter 9: Tax Credits/CARRYBACK/FORWARD OF NONREFUNDABLE CREDITS
Warren Academy Course SyllabusSyllabus Slides
Chapter Study Session

Chapter 9: Tax Credits

CARRYBACK/FORWARD OF NONREFUNDABLE CREDITS

01.Core Concepts

• Carryback/forward provisions • Foreign Tax Credit: 1 year back, 10 years forward • Qualified Adoption Expense Credit: 5 years forward • Residential Clean Energy Credit: carried forward until used • General Business Credit: 1 year back, 20 years forward