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Maine Free Printable 18_SuperCrSubIncResDevwksh 11.20.18.indd for 2019 Maine Super Credit for Substantially Increased Research and Development

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Super Credit for Substantially Increased Research and Development
18_SuperCrSubIncResDevwksh 11.20.18.indd

CARRY FORWARD OF UNUSED SUPER CREDIT FOR SUBSTANTIALLY INCREASED RESEARCH AND DEVELOPMENT WORKSHEET FOR TAX YEAR 2018 36 M.R.S. § 5219-L TAXPAYER NAME: _____________________________________ EIN/SSN: ________________ 1. Carryover from previous years (see instructions) ................................................................... 1. __________________ 2. 2018 tax after other credits (Form 1120ME: line 7c minus line 8c [except Schedule C, line 1h]; or Form 1040ME: Schedule A, line 22 minus credits claimed on Schedule A, lines 7 and 21 [except the amount of this credit included in line 17] and Form 1040ME, lines 25d and 25e; or Form 1041ME: Schedule A, line 17 minus credits claimed on lines 4 and 18 [except the amount of this credit included in line 11]). If zero or less, enter zero ............................... 2. __________________ 3. Line 2 x 25% (0.25) ................................................................................................................. 3. __________________ 4. Year 2017 tax less credits (2017 Form 1120ME: line 7a plus the amount of any credit recapture included in line 7b, minus Schedule C, lines 1v and 2c [except Schedule C, line 1h]; or 2017 Form 1040ME: Schedule A, line 22 minus credits claimed on Schedule A, lines 7 and 21 [except the amount of this credit included in line 17] and Form 1040ME, line 25d and 25e; or 2017 Form 1041ME: Schedule A, line 16 minus credits claimed on lines 4 and 17 [except the amount of this credit included in line 11]) ................... 4. __________________ 5. Subtract line 4 from line 2 and enter the difference here ........................................................ 5. __________________ 6. Credit amount: Enter the smallest of line 1, line 3 or line 5 (enter here and on Form 1120ME, Schedule C, line 1h or Form 1040ME, Schedule A, line 17 or Form 1041ME, Schedule A, line 11) ....................................................................................... 6. __________________ WORKSHEET INSTRUCTIONS Except for the carryforward of unused credit amounts, this credit is repealed for tax years beginning on or after January 1, 2014. The carryforward period for any unused credit amount is 10 years. To qualify for the 10-year carryforward period, the unused credit amount must be reflected on the 2016 credit worksheet and must have been generated in a tax year beginning after December 31, 2008. The carryforward amount that may be used is 25% of the tax due for that year after the allowance of other credits. SPECIFIC LINE INSTRUCTIONS Enter the taxpayer name and employer identification number (“EIN”) or social security number (“SSN”). Line 1. Enter the amount remaining from your 2017 super credit worksheet that you have not yet used. Unused credit amounts from tax years beginning on or after January 1, 2009 may be carried forward for up to ten years. Lines 2 & 3. The credit is limited to 25% of the taxpayer’s tax liability after the allowance of other credits. Line 5. The credit is further limited in that it cannot be used to reduce the current year tax liability after other credits to less than the tax liability of the previous tax year after the allowance of credits. Rev. 11/18
Extracted from PDF file 2018-maine-increased-research-credit.pdf, last modified December 2018

More about the Maine Increased Research Credit Other Tax Credit TY 2018

We last updated the Super Credit for Substantially Increased Research and Development in March 2019, so this is the latest version of Increased Research Credit, fully updated for tax year 2018. You can download or print current or past-year PDFs of Increased Research Credit directly from TaxFormFinder. You can print other Maine tax forms here.

Other Maine Other Forms:

TaxFormFinder has an additional 61 Maine income tax forms that you may need, plus all federal income tax forms.

Form Code Form Name
Other Jurisdictions Tax Credit Credit for Tax Paid To Other Jurisdictions
Historic Properties Credit Credit for Rehabilitation of Historic Properties
Seed Capital Credit Seed Capital Investment Tax Credit
Adult Dependent Care Credit Adult Dependent Care Credit Worksheet
Capital Investment Credit Maine Capital Investment Credit

Download all ME tax forms View all 62 Maine Income Tax Forms


Form Sources:

Maine usually releases forms for the current tax year between January and April. We last updated Maine Increased Research Credit from the Revenue Services in March 2019.

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Increased Research Credit is a Maine Other form. States often have dozens of even hundreds of various tax credits, which, unlike deductions, provide a dollar-for-dollar reduction of tax liability. Some common tax credits apply to many taxpayers, while others only apply to extremely specific situations. In most cases, you will have to provide evidence to show that you are eligible for the tax credit, and calculate the amount of the credit to which you are entitled.

Historical Past-Year Versions of Maine Increased Research Credit

We have a total of four past-year versions of Increased Research Credit in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:


2018 Increased Research Credit

18_SuperCrSubIncResDevwksh 11.20.18.indd

2017 Increased Research Credit

17_SuperCrSubIncResDevwksh.indd

2016 Increased Research Credit

16_SuperCrSubIncResDevwksh.indd

Super Credit for Substantially Increased Research and Development 2015 Increased Research Credit

15_SuperCrSubIncResDevwksh.indd


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