Can the corporate AMT credit be carried back?

Information for Tax Professionals · Policies · Order Tax ... The Department of Revenue will issue a tax-exempt letter with proof of your federal exemption. Feb 12, 2025 ... You do not have to include the alternative minimum tax NOL computation ... alternative fuels credit (Form IT-253); residential fuel oil storage ... Alternative Minimum Tax Information (IRS Form 6251) & State Adjustments ... Search Renter's Credit, then. Nonrefundable Renter's Credit. California Earned Income ... ... alternate taxable income that allows fewer deductions, exemptions, and tax credits than under the ordinary income tax rules. The AMT calculation applies a ... Sep 26, 2023 ... Box 15: This box reports alternative minimum tax (AMT) items. ... income, deductions, credits, and other tax-related information. Like ... The Inflation Reduction Act's prevailing wage and apprenticeship provisions apply to the: Alternative Fuel Refueling Property Credit; Production Tax Credit ... A credit was added for investment in a nonprofit development corporation. (Repealed December 31, 2016 - 2017 session.) The alternative minimum tax (AMT) rate ... (See Part 3 for additional information.) Box 13: Specified Private Activity Bond Interest. Dividends. If you are subject to the alternative minimum tax (AMT), ... You're allowed an inflation-adjusted AMT exemption (effectively a deduction) that's subtracted when calculating your AMT income. The TCJA significantly ... The tax credit is available through 2026. A certified employer will be entitled to tax credits against income or franchise tax for each qualified apprentice.