When a business is eligible to file for a business tax credit, the credit... ...
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Accounting
When a business is eligible to file for a business tax credit, the credit...
Select one:
a. Must be taken in its entirety in the current tax year
b. Can only be used to offset prior year earnings
c. Can be applied to future years (carryforward) and/or to the current tax year
d. Can only be used to offset passive sources of income
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