Business Tax Recovery Logo


Tax Credit Consulting: Business Tax Credits Henderson NV

The total of all of your Business Tax Credits is computed on Form 3800. This business tax credit total is the sum of your carryover credits from previous years and your current total business tax credit for the current year. This total may be increased in the future by carry-backs from future years. In this case, an amended tax form could be filed.

Corey Zimet
10620 So. Highlands Pkwy
LAs Vegas, NV
Company
Company: CBZ Retirement Solutions,LLC
Service
Asset Protection Strategies & Planning,Individual Income Tax Planning,High Yield Bank Accounts,IRA, 401k, Roth IRA, QDRO Rollovers,CD Alternative,Health Care Insurance,Retirement Planning,Insurance & Risk Management Planning,Retirement Income Accumulation Planning,Business Income Tax Planning,401k Rollover From Employer,Income for Life/ Preserve Principal,Disability Insurance,Annuities,Annuity Ideas & Strategy Planning,Retirement Income Distribution Planning,Education Funding & Financial Aid Pla

Data Provided by:
ACL TAX SERVICES
(702) 331-9157
325 N GIBSON ROAD
HENDERSON, NV
 
Instant Tax Svc
(702) 823-4637
834 S Boulder Hwy
Henderson, NV

Data Provided by:
Mc Connell Tax Svc
(702) 564-2602
101 W Atlantic Ave
Henderson, NV

Data Provided by:
E-File Tax Svc Of Nevada Inc
(702) 696-9549
3756 E Flamingo Rd
Las Vegas, NV

Data Provided by:
Ovist & Howard, CPAs
(702) 456-1300
7 Commerce Center Dr Ste
Henderson, NV
 
L. A. Salo, CPA, Ltd.
(702) 898-1280
2625 Wigwam Pkwy Ste 106
Henderson, NV
 
Garrett Cooper Associates, Inc.
(702) 719-1560
320 S Boulder Hwy Ste 105-106
Henderson, NV
 
Liberty Tax Service
(866) 871-1040
3035 E Tropicana Ave # A1
Las Vegas, NV

Data Provided by:
Servi-Mex
(702) 898-7766
5030 E Tropicana Ave
Las Vegas, NV

Data Provided by:
Data Provided by:

Tax Credit Consulting: Business Tax Credits

Business Tax Credits

The Federal Internal Revenue Service allows a large number of Business Tax Credits. These credits are subtracted directly from you taxes and are important to understand completely.

The total of all of your Business Tax Credits is computed on Form 3800. This business tax credit total is the sum of your carryover credits from previous years and your current total business tax credit for the current year. This total may be increased in the future by carry-backs from future years. In this case, an amended tax form could be filed. In addition to the General Business Tax Credit, there are currently around 28 addition credits that can be claimed.

The Internal Revenue website gives a list of the available Business Tax Credits and the appropriate form that each must use to file the credit. In most cases, the total from the various forms is transferred to the appropriate line on the Form 3800. Each individual credit filing form gives instructions and other qualifying information on the credit.

The credits are mostly incentives. They are designed to encourage the business to engage in a certain practice. Examples are the Work Opportunity Tax Credit (WOTC) which uses Form 5884, or the Alternative Motor Vehicle Credit which uses Form 8910. Other credits include the Recapture of Low-Income Housing Credit using Form 8611 and The Disability Access Credit using Form 8826.

Some of the credits are of a social nature encouraging activities that have popular political support such as the Credit for Employer Provided Childcare Facilities and Services Credit, which uses form 8882. The forms themselves and the instructions on them can help better understand each one's own restrictions and limitations. The Disability Access Credit on Form 8826, for example, shows you that the credit must be at least $250 as a minimum and $10,000 as a maximum. Even then, only 50% of the amount between the minimum and maximum can even be used. So, the total of the credit co...

Click here to read the rest of this article from BusinessTaxRecovery.com