ASC vs Regular Method The R&D Tax Credit under IRC §41 can be calculated using two different methods — the Regular Method and the Alternative Simplified Credit (ASC) Method....
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...
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...