Small Business Services

Can I take advantage of my current year's unused general business credit ?


When the general business credit exceeds the limitation in the current year, the excess or unused credit may be carried back 1 year and forward 20 years. Speak to your local CPA about carrying back a unused credit and filing an amended IRS, Form 1040X to claim the current year's unused credit.
Answer Provided by: CPAdirectory

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