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...
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...
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...
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 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...