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.

Question

Quizplus · Accepted Answer

The Tax Cuts and Jobs Act allows corporations to claim a partial refund of their accumulated minimum tax credits (AMTC) over several years, starting with the tax year 2018, but not 100 percent in that year.

If a Corporation Has Accumulated Minimum Tax Credits from Tax