Latest News and Updates on R&D Tax Credits

At PriceKubecka, we want to keep you informed about the ever-changing laws and guidelines regarding the IRS Research and Development Tax Credits. Get the latest news and information from our daily blogs written by our experienced staff of Tax Professionals.

 

What is the Permitted Purpose Test?

Many people hear about all the 'work' associated with completing a research and development (R&D) tax credit study, but the reality is that the savings associated with this credit make it more than worth it, which you can read about in a prior blog. Although, to receive all these benefits, your company must pass four qualifying tests.

by Jasmine Inge

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R&D Tax Credit for Architects

The Research and Development (R&D) tax credit is often thought of as a credit created for research done by scientists with white lab coats in a laboratory. This is simply not true. In 2003, the IRS relaxed the rules for claiming the credit which opened it up to a wide range of industries that qualify, including architecture firms.

 by Jason George, CPA 

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Is the (R&D) Tax Credit Worth the Hassle?

Under Section 41 of the Internal Revenue Code, companies that work in the world of technology, have a qualified purpose, engage in elimination of uncertainty, and utilize experimentation, may be eligible for the Research and Development tax credit. However, is the credit a benefit to you?

by Jasmine Inge

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Does Your Business Qualify for the R&D Tax Credit?

In 2014, 100,000 US taxpayers claimed over $12 billion in R&D tax credits. There is no limit to the amount available to U.S. taxpayers each year, and many dollars go unclaimed. Regardless of industry, any company that develops new or improved products, processes or software could be eligible.

by Mohsena Wahed

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