Tax Fun

This bingo card has a free space and 50 words: Year the first R&D tax credit was established in the U.S.? __________________, Which tax credit has expired eight times? __________________, Which tax legislation introduced the Clean Fuels Credit (45Z)? __________________, Who was president when the R&D Credit was first introduced? __________________, The first year the 45Q tax credit was  added to the tax code? __________________, Which president signed the Energy Improvement and Extension Act of 2008 (45Q)? __________________, Which income tax credit, enacted in 1975, is aimed at reducing poverty? __________________, From 1868 until 1913, most government revenue came from taxes on what? __________________, The Constitutional Amendment that gives Congress power to collect income taxes? __________________, True or False: Value Share Bonuses get taxed at a different rate than regular wages. __________________, What is the due date of the corporate income tax return? __________________, In what year did electronic filing of tax returns begin? __________________, Name one refundable tax credit __________________, To qualify for certain tax credits, laborers employed by contractors are paid ___________________ __________________, Tax credits tied to producing additional units are referred to as: __________________, Tax credits tied to building or constructing an asset are referred to as: __________________, When does the Second Generation Biofuel Credit expire? __________________, The Second Generation biofuel producer credit equals how much per fiber gallon. __________________, Which tax credit requires pre-approval of a life cycle assessment from DOE and IRS? __________________, What is the credit period for carbon oxide utilization? __________________, Name one POET plant eligible to receive a carbon oxide utilization credit. __________________, Name one state with a research credit program. __________________, What is the credit period for carbon oxide sequestration? __________________, What is the maximum tax credit per ton of CO permanently sequestered? __________________, What is the maximum tax credit/gallon of Clean Fuel produced and sold in the U.S.? __________________, True or False: Carbon Sequestration can enhance the 45Q and the 45Z credit? __________________, Who has been at POET longer, Brady or Scott? __________________, Which president signed the Inflation Reduction Act into law? __________________, Which tax credit est. in 1990 was instrumental in developing the ethanol industry? __________________, In what year did the small ethanol producers credit expire? __________________, Is Bonus Depreciation a tax credit? __________________, When was the first year POET was a C Corporation? __________________, Do gallons sold outside the U.S. qualify for the Second Generation Biofuel Credit? __________________, How many members of the tax team have a CPA license? __________________, What is the lowest individual federal tax rate during 2023? (not capital gain rate) __________________, What is the highest individual federal tax rate during 2023? __________________, What is the corporate federal tax rate during 2023? __________________, True or False: All starch gallons are eligible for the Second Generation Biofuel Credit __________________, Name one state that offers a refundable research credit __________________, What is the difference between a Credit and a Deduction? __________________, When does the Federal research credit expire? __________________, Year POET claim its first Research Credit? (hint: it was not named POET at that time.) __________________, What was the largest qualified research project in POET's history (in cost)? __________________, From 2016-2023, what is the single largest qualified research expenditure at POET? __________________, True or False: Capital gains tax is a tax on top of income tax? __________________, Where did Ethan Smith go to college? __________________, The public accounting firm where both Meredith and Ethan worked prior to coming to POET. __________________, What sport did Scott LeBrun participate in, in college? __________________, What sport did Brady Velgersdyk participate in, in college? __________________ and According to Kim Sucha of KPMG, what company has the best internal tax department? __________________.

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