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FAQs: Getting Started with Research Credits

FAQs: Getting Started with Research Credits

by TaxOps | Oct 6, 2020 | Tax Minimization, Tax News, White Papers

By TaxOps Minimization The federal government, and most states, provide lucrative economic incentives in the form of research and development (R&D) credits to reward companies for fostering innovation and advancing technology on U.S. soil. These credits cover...
“That’s not R&D”: Changing how engineers view R&D can increase tax credits

“That’s not R&D”: Changing how engineers view R&D can increase tax credits

by TaxOps | May 25, 2020 | Tax Minimization, Tax News, White Papers

By Jamie Overberg, as featured in Accounting Today “That’s not R&D” is a common phrase we hear from engineers at companies engaged in product development and improvements. Engineers typically don’t view a large part of their day-to-day...
IRS safe harbor streamlines R&D credit claims for certain taxpayers

IRS safe harbor streamlines R&D credit claims for certain taxpayers

by TaxOps | Nov 24, 2017 | Tax Minimization, Tax News

A recently released directive to all IRS Large Business and International (LB&I) employees directs examiners not to challenge Qualifying Research Expenses (QREs) for businesses that meet underlying requirements and follow extensive, specific steps. By removing QRE...

Game-changer puts lucrative R&D credits within reach

by TaxOps | Apr 11, 2017 | Tax Minimization, Tax News, White Papers

If your business has never claimed the federal research and development (R&D) credit before or dismissed it due to eligibility restrictions, it?s time to take another look. Two recent options are giving companies previously shut out of the world of R&D credits...

Companies Spend More on R&D When Credits are Available, According to a Penn Wharton Brief

by TaxOps | Sep 21, 2015 | Tax Minimization, Tax News

Dr. Nirupama Rao has released a brief on policy implications of the R&D tax credit including recommendations and additional areas for review. Dr. Rao is a visiting Assistant Professor of Business Economics and Public Policy at the Wharton School of the University...

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