Controlled Group R&D Credit When multiple related companies operate under common ownership, the IRS requires them to aggregate their Qualified Research Expenses (QREs) to determine a single R&D Tax...
Annualize Gross Receipts Businesses that operate for less than 12 months in a tax year — due to incorporation, merger, dissolution, or change in accounting period — must annualize...
Qualified Research Expenses When claiming the R&D Tax Credit under IRC §41, identifying and classifying Qualified Research Expenses (QREs) correctly is the foundation of a compliant and defensible credit...
Introduction When calculating the R&D Tax Credit under IRC §41, determining Gross Receipts correctly is critical. Gross receipts form the foundation of both the Fixed-Base Percentage (FBP) and the...
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...
Introduction The ASC Method under IRC §41(c)(5) provides a simplified way for businesses to calculate the R&D Tax Credit without relying on historical data from the 1980s. It’s ideal...
Calculate the R&D Tax Credit The R&D Tax Credit under IRC §41(a) helps U.S. businesses save taxes for qualifying research and innovation. The Regular Method is the original formula...
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...
Many Indian-American taxpayers are confused about how to handle money gifts from their parents in India. Is it taxable? Does it need to be reported? Will the IRS audit...