Instructions for IRS Form 3468 Investment Credit

IRS Form 3468 Investment Credit

This document contains official instructions for IRS Form 3468 , Investment Credit - a tax form released and collected by the Internal Revenue Service (IRS), a subdivision of the U.S. Department of the Treasury. An up-to-date fillable IRS Form 3468 is available for download through this link.

FAQ

Q: What is IRS Form 3468?
A: IRS Form 3468 is a form used to claim the investment credit.

Q: What is the investment credit?
A: The investment credit is a tax credit available to businesses for qualified investments in eligible property.

Q: Who can claim the investment credit?
A: Businesses, including corporations and partnerships, can claim the investment credit.

Q: What is eligible property?
A: Eligible property includes tangible property used in a trade or business, such as equipment, machinery, and buildings.

Q: How do I fill out IRS Form 3468?
A: You need to provide information about your business, the type of investment, and the amount of the credit you are claiming.

Q: Can individuals claim the investment credit?
A: No, the investment credit is only available to businesses.

Q: What is the deadline for filing IRS Form 3468?
A: IRS Form 3468 should be filed with your tax return for the year in which the investment was made.

Q: Is there a limit on the amount of the investment credit?
A: There is no overall limit on the investment credit, but there may be limits on certain types of property.

Q: Can the investment credit be carried forward or backward?
A: Yes, any unused investment credit can be carried forward for up to 20 years or carried back for 1 year.