by Bruce Warner | Mar 12, 2025 | Blog
The IRS has significantly revised Form 6765, used for claiming the Research and Development (R&D) tax credit / research credit , introducing new requirements that will impact businesses seeking this valuable benefit. While aimed at enhancing reporting clarity, the...
by Bruce Warner | Jan 14, 2025 | Blog
Although the new Form 6765 R&D tax credit/research credit form is technically not mandatory until tax year 2025, many of our clients are preparing for these changes which are summarized below In 2024, the IRS released a revised Form 6765, which introduces...
by Bruce Warner | Sep 27, 2024 | Blog
Likely no tax bill will be passed until after the 2024 Presidential election, but there is evidence that both parties support deferring or eliminating the amortization of R&D costs, currently 5 years for domestic R&D and 15 years for foreign research costs....
by Bruce Warner | Jun 24, 2024 | Blog
The IRS has released a revised draft of Form 6765, Credit for Increasing Research Activities for the R&D tax credit, incorporating feedback from external stakeholders to reduce taxpayer burden and improve tax administration of the R&D credit. Key changes...
by Bruce Warner | Jan 20, 2024 | Blog
Jan 2024 – In a new bi-partisan bill introduced this week, Congress would again allow immediate expensing of domestic R&D research and development costs, a change from last year’s requirement that 2022 costs must be amortized which kicked in as of 2022 as...
