If a Corporation Has Accumulated Minimum Tax Credits from Tax

question 66

True/False

If a corporation has accumulated minimum tax credits from tax years prior to 2018, 100 percent of such credits are refundable on their 2018 tax return.

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Definitions:

Appellate Court

A court that has the authority to review the decisions of lower courts and change or uphold those decisions.

Summary Judgment

A legal determination by a court that resolves a case without a full trial, typically because there are no disputed facts requiring examination.

Pro Se Representation

The act of representing oneself in a court proceeding without the assistance of a lawyer.

Procedural Rules

Are the guidelines and regulations that dictate how the legal process and judicial proceedings should be carried out.