The credit is limited to the amount of the business income tax liability or social security tax owed. A taxable business may apply the credit against its business income tax liability, and the normal carry-back and carry-forward rules apply. See the instructions for Form 3800, General Business Credit, for more details.
Share. By Ashley Crossman. Definition: A voluntary association is a group or organization that people may join or leave freely, that is free of external control, and whose purpose, goals, and methods are up to the members to determine.hare. By Ashley Crossman. Definition: A voluntary association is a group or organization that people may join or leave freely, that is free of external control, and whose purpose, goals, and methods are up to the members to determine.
A nonprofit organization (NPO) (also known as a non-business entity) is an organization with the purpose of which is something other than making a profit. A nonprofit organization is often dedicated to furthering a particular social cause or advocating for a particular point of view.