- NY Credits : 1.0
- TX Credits : 1.0
- IRS Enrolled Agent Credits : Federal Tax/Tax Related Matters - 1.0
This course presents an in-depth review of the general business tax credit, including an overview of new credits added by the Inflation Reduction Act of 2022 and a detailed discussion of the credit for increasing research activities. Topics include identifying the various credits that comprise the general business credit, calculating the allowable general business tax credit as well as any carryover, and discerning the tax treatment for research and experimental expenditures paid or incurred for tax years beginning before January 1, 2022 and after December 31, 2021. This intermediate level course is most appropriate for the professional with detailed knowledge in C corporation taxation or the professional seeking to expand his or her knowledge base and may be at a mid-level position within an organization with operational or supervisory responsibilities, or both. Scenarios presented in the text, study questions, and final exam questions require calculation and application of the complex rules.
Included with subscription(s):
Upon successful completion of this course, the user should be able to:
identify the general business tax credit and calculate the allowable general business tax credit as well as any carryover, and
identify the rules for calculating the research credit.