New AMT Relief Now Available

Aug. 20, 2011 - PRLog -- There's been some debate in prior months as to ability to use 2010 R&D credits to carry back as an offset to AMT in prior years, but the IRS has provided guidance which shows that 2010 general business credits can indeed be carried back as an offset to prior period AMT as well as ordinary income tax.  Here is the applicable IRS link:

http://www.irs.gov/businesses/small/article/0,,id=230307,00.html#2013

For more information about R&D tax credits, both Federal credits and state credits across the U.S., visit Tax Point Advisors, Inc., at www.taxpointadvisors.com, or call us at (800) 260-4138.

Tax Point Advisors assists CPA's & their clients in identifying & capturing their maximum R&D tax credits.  WE HAVE A 100% SUCCESS RATE, NEVER HAVING HAD A CLAIM DENIED.  1 (800) 260-4138, www.taxpointadvisors.com


For more information about R&D tax credits, both Federal credits and state credits across the U.S., visit Tax Point Advisors, Inc., at www.taxpointadvisors.com, or call us at (800) 260-4138.

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Tax Point Advisors assists CPA's & their clients in identifying & capturing their maximum R&D tax credits. WE HAVE A 100% SUCCESS RATE, NEVER HAVING HAD A CLAIM DENIED. 1 (800) 260-4138, www.taxpointadvisors.com