Get Form 3800

You must file Form 3800 to claim any of the general business credits. The carryforward may have to be reduced in the event of any recapture event (change in ownership, change in use of property, etc.). If a section 1603 grant is received, the carryforward must be reduced to zero.

Current general business credit = credits carried forward from previous years + current business credits + any credits carried back from the next year. So, of course, the total general business credit claimable for any given year may only be determinable in the following year.

The General Business Credit (Form 3800) is used to accumulate all of the business tax credits you are applying for in a specific tax year, to come up with a total tax credit amount for your business tax return.

In addition, due to the definition of the general business credit limitations, a taxpayer with an alternative minimum tax liability can not offset any of the current year income tax with business tax credits.

The General Business Credit (Form 3800) is used to accumulate all of the business tax credits you are applying for in a specific tax year, to come up with a total tax credit amount for your business tax return.

You must file Form 3800 to claim any of the general business credits. The carryforward may have to be reduced in the event of any recapture event (change in ownership, change in use of property, etc.).

The general business credit can't be more than the result of this formula: Add your net income tax and your Alternative Minimum Tax. From that amount, subtract the greater of: Your tentative minimum tax for the tax year.

Add your net income tax and your Alternative Minimum Tax. From that amount, subtract the greater of: Your tentative minimum tax for the tax year.

The general business tax credit is the total value of all the individual credits to be applied against income on a tax return. This credit can be carried forward for a number of years in most cases and can also be carried back in some cases.