Fill Form 1120 C Refundable 2023-2024

Hello and welcome to the session. This is Professor For Hat. In this session, we're going to be looking at refundable versus non-refundable credits. In other words, we're going to be looking at the general topic of credits. This topic is covered in the income tax course, the CPA exam regulation section, as well as the in-robe agent exam. As always, I would like to remind my viewers (that's you) to connect with me on a professional level on Facebook. If you have a Facebook account, please like my Facebook page and connect with me personally. Additionally, make sure to subscribe to my YouTube channel where I house all my lectures. By subscribing, you'll have access to all of them and be aware of any new lectures. If you enjoy my lectures, please like them, share them with others, and put them in playlists. I also have a Twitter account and a website. On my website, you can find all my lectures organized by course and topic. This recording is brought to you by Jaeger CPA Review. If you like this recording, you'll find hundreds of hours of video lectures for CPAs and accounting students, as well as thousands of multiple-choice questions with detailed solutions, simulations, a physical and e-textbook, audio lectures for retention purposes, and electronic flashcards. If you happen to use Jaeger, please use the code PPMF to get 10% off the best valued course. This will benefit yourself and benefit this channel. Now, let's talk about credits. So, what are credits? Well, it's important to visualize where credits fit on a tax return. Let's assume we have an AGI of $80,000 and taxes of $6,500 on line 44. No alternative minimum tax or excess advances. Now, after computing the taxes, we can compute our credits such as the phone tax...