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...
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...
Backward Unused R&D Tax Credits Businesses investing heavily in innovation often generate R&D Tax Credits that exceed their current-year tax liability. Fortunately, under IRC §39(a), these credits don’t expire...
Returns for Missed R&D Credits Many businesses miss out on thousands of dollars in R&D Tax Credits because they fail to identify qualifying activities in earlier years. The good...