The National Directory of Certified Public Accountants

Ask A CPA - 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.

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