Focus Keyword: Superseding Return Introduction Many taxpayers file their returns early and later realize they missed reporting certain deductions, elections, or forms. Instead of waiting to amend, the IRS...
Introduction The upcoming Trump 2025 Tax Plan is expected to make major adjustments to U.S. corporate tax policy, including reforms that could directly impact the R&D Tax Credit under...
Inflation Reduction Act The Inflation Reduction Act (IRA) of 2022 significantly enhanced the R&D Tax Credit under IRC §41, creating new opportunities for small businesses and startups. Effective from...
Introduction Under IRC §41(b)(3), not all research expenses paid to third parties qualify equally for the R&D Tax Credit. The IRS allows taxpayers to claim a partial percentage of...
State and Federal R&D Tax Credits While the federal R&D Tax Credit under IRC §41 rewards businesses for innovation, many states also offer their own R&D credit programs to...
R&D and Other Business Tax Credits The R&D Tax Credit under IRC §41 is one of the most valuable federal incentives for innovation-driven businesses. However, it often overlaps with...
Maximize Your R&D Tax Credit As the 2025 tax year closes, companies engaged in innovation, product development, or process improvement can significantly increase their R&D Tax Credit by implementing...
Introduction Businesses claiming the R&D Tax Credit under IRC §41 can choose between two main calculation approaches — the Regular Method and the Alternative Simplified Credit (ASC) Method. Understanding...
If you recently moved to the U.S. from India in 2025, you may not be considered a full-year tax resident. That means you’ll likely need to file a dual-status...
Many Indian-origin taxpayers living in the U.S. struggle with how to report income earned in India especially when their CPA doesn’t specialize in NRI taxation. One wrong move can...