Nebraska R&D Credit Overview – Warner Robinson
Nebraska Advantage Research and Development Credit The Nebraska Research and Development Credit provides a refundable tax credit for qualified R&D. One of the few states that still offers a refundable R&D credit. The state tax credit is worth 15% of the...
Wisconsin R&D Tax Credit Overview
In 2015, the Wisconsin R&D tax credit percentages were increased, and taxpayers are eligible for a credit of 5.75% of the amount of qualified research expenses (QREs) for the year that exceed 50% of the average QREs for the prior three years. If the taxpayer has...
R&D Credits to Offset Payroll Taxes in 2017 if you qualify
Under the December 2015 Path Act, Congress will provide additional R&D tax credit incentives for small business, as defined as a company with less than $5 million in receipts and no history of receipts longer than 5 years - stated another way - a company with...
Minnesota R&D Tax Credit – Update
Minnesota - R&D tax credit 2015 - Minnesota R&D tax credit form has been updated for tax year 2015. Form RD is attached to corporate and partnership returns to claim the R&D tax credit in Minnesota. On page 2 of the form, the state now requests information...
Colorado R&D Tax Credit Overview
Colorado R&D Increase Tax Credit - Overview of the R&D Rules R&D Tax Credit in Colorado - Colorado offers a 3% credit based on the increase of research and experimental expenditures in an enterprise zone. The increase is determined based on the average...
Texas R&D Tax Credit – Reinstated
Texas’ HB 800 R&D Tax Incentives Bill reinstated the state’s popular research and development tax credit (R&D Tax Credit), which had previously been eliminated in 2006. The new R&D incentive, effective for tax reports due on or after January 1st, 2014,...
Tougher Building Codes with Silver Lining – 45L Energy Efficient Home Tax Credit
As many states and counties implement tougher building codes, this can present challenges for developers. However there is a silver lining that many developers may not be aware of – the Section 45L Energy Efficient Home tax credit still looks back to the 2006 IECC...
2015 R&D Credit – Congress Makes R&D Tax Credit Permanent and R&D Incentives for Small Businesses
On Friday December 18, 2015, the President signed into law what normally would be a ‘tax extenders’ bill but with respect to the R&D tax credit, the credit was made permanent and no longer will expire every year or two. Companies can now rely on the R&D tax...
R&D Tax Credit – Field Attorney Advice (FAA) on Reasonable Compensation under Section 174
In a recent Field Attorney Advice (FAA) memo 20154501F, the IRS took a different approach to auditing this R&D tax credit claim. In this case, a CEO in charge of a group of companies was claimed at 60% qualified in supporting the companies’ R&D activities and...
Year End Guidance – R&D Tax Credit Software Documentation
The general rule for R&D tax credit documentation is found under IRC 6001 - a taxpayer must retain documentation in usable form to substantiate (in this case the R&D tax credit), and IRS typically wants to see evidence of the R&D in the form of...
Find out if you qualify for valuable
Tax Credits for?