($48,000 ^ $200,000)

*[($50,000 X 15%) + ($25,000 X 25%)

+ ($25,000 x 34%) + ($100,000 x


Note A: A general business tax credit that cannot be used in

the current period may be carried back to the prior

year. If tax credits still remain after the carryback, they may be carried forward 20 years.

Was this article helpful?

0 0
Taming Taxes

Taming Taxes

Get All The Support And Guidance You Need To Permanently Get A Handle On Your Taxes. This Book Is One Of The Most Valuable Resources In The World When It Comes To A Guide To Home Business Taxes.

Get My Free Ebook

Post a comment