New Tax Relief Reduced Alternative Minimum Tax

FOR IMMEDIATE RELEASE
Boston, Massachusetts, United States of America (Free-Press-Release.com) August 20, 2011 -- Aug 20, 2011 - 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. In case you might not already have it, wanted to send you the applicable IRS link:

http://www.irs.gov/businesses/small/article/0,,id=230307 ...

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

3800     alternative minimum tax     amt     federal tax credits     General business credits     R D credits     R D Tax Credits     Small business bill 2010