Bilingual Tax Credits and Payments

This course contains both English and Spanish content.

This intermediate course examines how credits are divided into refundable and nonrefundable. Nonrefundable credits cannot be used to offset the recapture of any other credit or to offset taxes other than income tax. The credits must be computed in order of priority to ensure that limitations are properly applied. A refundable tax credit is treated as a payment and can be refunded to the taxpayer by the IRS. Refundable tax credits are used to offset certain taxes that normally are not reduced.

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$33.42

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