Can any nonrefundable credits, other than the foreign tax credit, reduce the regular income tax liability below

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Can any nonrefundable credits, other than the foreign tax credit, reduce the regular income tax liability below the amount of an individual's TMT?

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South Western Federal Taxation Individual Income Taxes 2017

ISBN: 9781305873988

40th Edition

Authors: William H. Hoffman, David M. Maloney, William A. Raabe, James C. Young, Nellen

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Question Posted: Dec 22, 2016 01:24 AM

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Can any nonrefundable credits, other than the foreign tax credit, reduce the regular income tax liability below

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Historically the answer was no only the foreign tax credit FTC could ...View the full answer

South Western Federal Taxation Individual Income Taxes 2017

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