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Tag Archive for R&D Tax Credits

R&D Tax Credits – IRS Form 8974, IRS Form 6765, IRS Form 3800 And The Tax Cuts And Jobs Act

JOHN DUNDON - IRS Forms On R&D Tax Credits

Hold On! Resist the urge to gloss over the title so fast! Do whatever it takes to clear your head and FOCUS for 6,000 words or so on R&D Tax Credits – IRS Forms 897467653800 & the TCJA.

Understanding the tax reporting and compliance procedures of this very interesting tax credit is GOOD BUSINESS for 3 VERY IMPORTANT Reasons:

  1. MONEY – Taxpayers Save BIG
  2. OPPORTUNITY – More Taxpayers Qualify
  3. TIMING – Applicable statues changing in 2022

Money

Since becoming law in 1981 the R&D tax credit has proven to be quite a valuable tax planning tool yielding billions of dollars in federal and state benefits for LARGE US businesses with big compliance budgets.

Opportunity

Now that the tax credit is permanent and can be applied towards employment tax, planning opportunities abound for medium size and smaller companies – including startups!

The intended consequence of the 2015 PATH Act is prevailing and it turns out more small businesses are putting systems in place to comply with tax credit audit standards.

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Understanding The Most Underutilized R&D Tax Incentive (Webinar Today, Thursday, June 28, 2018)

WHEN: Thursday, June 28, 2018 from 12:00 – 12:15 PM CT


Is your company taking full advantage of the R&D Tax Credit?

According to the Wall Street Journal, only 5% of companies eligible for the R&D Tax Credit actually take advantage of this incentive.

alliantgroup’s mission since 2002 has been one of education and awareness, and after over 15 years of experience specializing in the R&D Tax Credit, we have received a number of frequently asked questions throughout the years.

This webinar will answer the most pressing questions that you have, such as:

  • My company doesn’t invent anything, can I still qualify?
  • Why does the government offer the R&D credit?
  • Does my company need to be in a specific industry?
  • This sounds too good to be true…is it?

Whether your company has never heard of the credit, is interested but don’t think you qualify, or claim it every year you don’t want to miss this presentation that will give you a better understanding on how the credit works and how to receive the full benefit that your company deserves.

Join our presenter and tax expert, alliantgroup Managing Director, Reed Showalter, CPA as he breaks down these common questions for a better understanding of the benefits this incentive could, and should, be providing for you, your company or your clients.

REGISTER HERE FOR TRAINING SESSION

With Our Compliments!

 

 

Smart CEOs, CFOs, VPs Tax Reducing Tax Liability With R&D Tax Credits Encouraged By The IRS And States

IRS, R&D Tax Credits, TaxConnections

One of the biggest reasons to file for R&D Tax Credits is to reduce your tax liability. The IRS and the States encourage research and development and this is why you want to take the opportunity to use them. There are extraordinary opportunities for corporate CEOs, CFOs and Senior Management Executives who file claims for R&D Tax Credits.

One R&D Tax Credit opportunity is unclaimed credit from prior years’ tax filings. Another benefit is if you are unable to use the tax credit this year you can carry it back one year or carry it forward twenty years. The R&D Tax Credit should be part of your company’s tax planning and tax savings initiatives. Here is what the IRS says about R&D Tax Credits.

Research And Development – Manufacturing Tax Tips

The expenditures of research and development (“R&D”) are generally capital expenses. However, you can choose to deduct these expenditures as current business expenses.

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A Spotlight On The Extension And Expansion Of The California Film & Television Tax Credit Program 3.0

Peter J Scalise, Tax Credits And Incentives, Film & Entertainment

Overview of Film Production Tax Incentives

Motion Picture and Television Production Tax Incentives (hereinafter “MPIs”) are tax incentives that are available at the U.S. Federal Level, at most of the U.S. Multi-State Levels, and on a Global Level through nearly a hundred participating countries worldwide and should certainly be incorporated into the tax planning process for movie and television studios to properly tax affect their costs of production.

Three Primary Phases of Film Production

The three primary phases of qualified filmmaking production include the “Qualified Pre-Production Phase”, the “Qualified Production Phase”, and the “Qualified Post-Production Phase”. It should be duly noted that it is fairly common practice in the movie and television studio industry to shoot the aforementioned phases of qualified production throughout several locations (e.g., Qualified Production Phase in the City of Los Angeles, California, USA and the Qualified Post-Production Phase in the City of Vancouver, British Columbia, Canada). Consequently it is critical to be cognizant of tax incentives available, as applicable, not only state by state within the United States but also country by country worldwide in order to reduce a movie or television studios global effective tax rate.

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Understanding The Most Underutilized Tax Incentive (Thursday, June 28th 2018)

Is your company taking full advantage of the R&D Tax Credit?

According to the Wall Street Journal, only 5% of companies eligible for the R&D Tax Credit actually take advantage of this incentive.

alliantgroup’s mission since 2002 has been one of education and awareness, and after over 15 years of experience specializing in the R&D Tax Credit, we have received a number of frequently asked questions throughout the years.

This webinar will answer the most pressing questions that you have, such as:

  • My company doesn’t invent anything, can I still qualify?
  • Why does the government offer the R&D credit?
  • Does my company need to be in a specific industry?
  • This sounds too good to be true…is it?
  • Why should I partner with alliantgroup?

Whether your company has never heard of the credit, is interested but don’t think you qualify, or claim it every year you don’t want to miss this presentation that will give you a better understanding on how the credit works and how to receive the full benefit that your company deserves.

Join our presenter and tax expert, alliantgroup Managing Director, Reed Showalter, CPA as he breaks down these common questions for a better understanding of the benefits this incentive could, and should, be providing for you, your company or your clients.

REGISTER FOR COMPLIMENTARY WEBINAR THURSDAY 6.28.2018

 

 

Startups Can Now Claim R & D Tax Credit

Startups with qualifying research expenses have for the first time an additional option whereby they can choose to apply up to $250,000 of its research credit against its payroll tax liability. This new option is available to any eligible small business filing its 2016 federal income tax return this tax season.

If, somehow, such a small business failed to choose this option while filing their 2016 Tax return, and still wishes to do so, it can still make the election by filing an amended return by Dec. 31, 2017. This new option was introduced through the PATH Act enacted in 2015.

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