In Years Beginning in 2018 Through 2020, Any Minimum Tax

question 10

True/False

In years beginning in 2018 through 2020, any minimum tax credit carryover from prior alternative minimum tax.years will be allowed to the extent of the regular tax liability plus 50% of the excess of the minimum tax credit over the amount credited against the regular tax.

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Definitions:

Task Force

A temporary group of people formed to accomplish a specific objective, often bringing together expertise from different areas or disciplines.

Permanent

Something that is intended to last or remain unchanged indefinitely.

Temporary

Pertaining to a limited period of time; not permanent.

Skunkworks Teams

Small, autonomous, highly innovative groups within an organization tasked with working on advanced or secret projects.