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...
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...
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 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...