Final Regs Internal Use Software – R&D – What is the Dual Purpose Rule?
Final R&D tax credit regulations published by the Treasury on October 4, 2016 regarding internal use software introduce a new term, dual function software, as well as a safe harbor provision. Dual function software is “software developed for both internal use and...
IRS Issues Final Regulations on Internal Use Software – R&D Tax Credits
The IRS has issued final regulations largely adopting provisions in the January 2015 proposed regs on internal use software. These final R&D regulations on internal use software are effective prospectively for tax years ending after October 4, 2016. The new final...
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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...
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