The CARES Act provides relief to Corporations subjected to Alternative Minimum Tax Credit by accelerating the ability to use the credits to offset current taxable income.   It is important to first understand where the law stood prior to March 27, 2020. Pre-Tax Cuts and Jobs Act (TCJA), Before 01/01/2018: Corporations were subject to alternative … Continue reading Modification of Credit for Prior Year Minimum Tax Liability of Corporations