Which of the following statements regarding the minimum tax credit is correct?

ACC 455 Entire Course Link

https://uopcourses.com/category/acc-455/

 

 Which of the following statements regarding the minimum tax credit is correct?

 

A.

There are not carryforwards or carrybacks of the minimum tax credit.

 

B.

It can only be carried forward.

 

 

C.

It must be carried back before being carried forward.

 

D.

Taxpayers may elect to forgo the carryback period and carry the credit forward.
Powered by