If a Corporation Has Accumulated Minimum Tax Credits from Tax

question 99

True/False

If a corporation has accumulated minimum tax credits from tax years prior to 2018, 100 percent of such credits are refundable on either their 2018 or 2019 tax return.

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Definitions:

External Genitalia

The reproductive organs located on the outside of the body, such as the penis and vulva, which are visible and identifiable at birth.

Testosterone

is a steroid hormone primarily produced in the testes of males and the ovaries of females, responsible for the development of male secondary sexual characteristics.

Y Chromosome

One of the two chromosomes that determine sex; in males, one member of the 23rd pair of chromosomes is Y.

Male or Female Genitalia

The sexual and reproductive organs specific to males (penis, scrotum, etc.) and females (vagina, ovaries, etc.).