allows employers to report each of the tax credits that make up their general business credit, which includes the credit for insurance premiums.
38 limitation is calculated on Form 3800, General Business Credit.
A fisting of the credits, referred to as "specified credits," can be found in fine 4 of Part III of Form 3800, with the employer FICA tip credit probably being the most common credit.
Those taxpayers can claim the credit directly on Form 3800
, General Business Credit (see Form 8881 instructions).
For example, if a vehicle is purchased by a business, the credit is part of the general business credit and is subject to the general business credit limitation (see instructions to Form 3800
, General Business Credit).
This schedule should be expanded to include all information related to the tax calculation (including that currently reported on Form 3800
and on Lines 30-36 of page 1).
The exempt entity would claim the disabled access credit in the same manner as other eligible taxpayers, by filing Form 8826 (and Form 3800
, General Business Credit, on which the allowable general business credit is determined).