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Modified Business Tax Return Form Nevada

Modified Business Tax Return Form Nevada

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How to file nevada modified business tax

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Instructions and help about tax nv gov forms modified business tax forms

welcome to the Nevada Department of Taxation introduction to Commerce tax training the information in this video is provided as of March 1st 2017 in this module we will discuss the Commerce tax credit against modified business tax or MBT businesses that pay Commerce tax receive a credit for 50% of the Commerce tax paid against MBT the Commerce tax credit is a non-refundable tax credit that is reported on the MBT return reducing the amount owed for MBT there are four eligible quarters that the credit can be taken in and if the credit cannot all be used in one quarter it does carry over until those four quarters expire except for Affiliated groups only the business that pays Commerce tax can claim the credit the credit does extend out to members in an Affiliated group but only once they' have been approved by the department here's an example of the eligible quarters that the Commerce tax credit can be used in for the Commerce tax return due for the 12 months into June 30

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