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by alex pak
source advisors
alex pak is a director in the los angeles, california office of source advisors.
the protecting americans from tax hikes (path) act of 2015 includes provisions that allow certain taxpayers to offset their amt liability with the r&d tax credit for taxable years beginning on or after jan. 1, 2016.
more: how the r&d tax credit has expanded over the years | the nine-point plan for handling §179d
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amt limitations
before the path act, amt restrictions prevented qualified companies from utilizing 100 percent of the r&d tax credit. the excess credits were often carried forward. today, small businesses can offset amt using the r&d tax credit for tax years beginning after dec. 31, 2015.
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