Business Tax Recovery Logo


Tax Credit Consulting: Minority Business Anchorage AK

Federal and State Governments have a long history of using tax credits to advance social programs that are deemed to be in the public interest. Today, two areas that are getting much attention are the Green or environmental movement and minority business ownership.

Mr. Micah Vincent Shilanski (RFC®), CFP, CSA
(907) 278-1351
431 W. 7th Avenue Suite 100
Anchorage, AK
Company
Shilanski & Associates, Inc.
Qualifications
Years of Experience: 9
Membership
IARFC
Services
Invoice, Estate Planning, Business Planning, Portfolio Management, Pension Planning, Retirement Planning, Tax Planning, Tax Returns, Seminars Work, Employee Benefits, Stocks and Bonds, Mutual Funds, Mortgage Loans, CommOptions, Collectable Coins , Precious Metals, CD Banking, Annuities, Life Insurance, Disability Income Insurance, Long Term Care Insurance, Medical Insurance, Education Plan, Healthcare Accounts, BuySell

Data Provided by:
WRConkey's Accounting Service
(907) 717-5233
200 W 34th # 852
Anchorage, AK
Prices and/or Promotions
Fixed

Liberty Tax Service
(866) 871-1040
2207 E Tudor Rd # 35
Anchorage, AK

Data Provided by:
H&R Block
(907) 336-1477
9220 LAKE OTIS pkwy UNIT A-1
ANCHORAGE, AK

Data Provided by:
H&R Block
(907) 338-4848
7731 E NORTHERN LIGHTS BLVD
ANCHORAGE, AK

Data Provided by:
H&R Block
(907) 561-5113
3555 ARTIC blvd C1 & C2
ANCHORAGE, AK

Data Provided by:
H&R Block Inside Eastview Center
(907) 337-1040
5520 LAKE OTIS PKWY STE 102
ANCHORAGE, AK

Data Provided by:
H&R Block
(907) 646-9864
3101 PENLAND PARK STE H-2
ANCHORAGE, AK

Data Provided by:
Liberty Tax Service
(866) 871-1040
322 Muldoon Rd # B
Anchorage, AK

Data Provided by:
H&R Block
(907) 222-2978
5800 WESTOVER
ELMENDORF AFB, AK

Data Provided by:
Data Provided by:

Tax Credit Consulting: Minority Business

Tax Credit for Minority Business

Other one of the controversial tax credits out there is the tax credit for minority business. Tax credits for minority business come in a variety of forms from both the Federal and many State Governments.

Federal and State Governments have a long history of using tax credits to advance social programs that are deemed to be in the public interest. Today, two areas that are getting much attention are the Green or environmental movement and minority business ownership. The idea behind minority business tax credits is that minorities suffer unfair disadvantages in starting and operating business and doing so would help bring a more equal country.  The tax credit for minority business can be from the Federal or State Government and applies to either Federal or State taxes.

From the Federal Government, the New Market Tax Credit program has been expanded to include investments in minority business. This program, known as the NMTC, awards a credit spread over seven years that amounts to roughly 39% of the investment made in a qualified entity. The new minority provision opens up millions of dollars of investments for use in businesses run by minorities including women.

Many States have passed a tax credit for minority business also. The provisions and limitations of these credits vary from State to State. Many of them resemble the New Market Tax credit and give tax credits against State income tax to investments that are used to support minority building projects or encourage minority business ownership. As with the Federal programs, minority business can include a business owned by a female in some cases. The tax payer must examine the terms and conditions of the individual State programs if their State is one that offers a tax credit for minority business.

A tax credit for minority business is one of the more controversial tax credits in the eyes of some critics of the policy of using tax credits to address social issues...

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