Congress’ Definition of R&D: Why Designers Qualify for the Research Tax Credit


In today’s hyper-competitive business climate, you need every edge that you can get to boost your firm’s after-tax profits. Beyond the usual ways to increase revenue and contain operating expenses, did you know that there is a little-used research and development (R&D) tax credit that you can use to decrease your firm’s federal and state income tax obligations?

This credit is open to a majority of tax entity structures including C Corporations and Pass-Through entities such as S. Corps, LLC’s, Sole Proprietors and Partnerships. If you are a U.S. Company and make products and/or services on U.S. soil, then there has to be, has to be, a credit available to you; the only question to answer now is “what is the size of your benefit?”

This webinar provides you with the latest insight on the R&D tax credit that is designed to reduce the high cost of innovation in the United States. Unfortunately, too many A/E/C firm leaders mistakenly believe that this valuable tax credit does not apply to them.

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Take the Quiz

1. Congress defines the Research Credit in Section 41 of the IRC as:
2. Congress says R&D is happening with the development of a new or improved
3. The research credit is open to every industry accept for the engineering industry
4. The 3rd test of the 4-part test is titled
5. The Research Credit was firs implemented in
6. The Research Credit is primarily driven by
7. The Credit for Increasing Research Related activities is found in IRC section
8. AEC firm do not qualify for the R&D credit because they are paid for their services
9. The 4th test of the 4 part test is titled the Process of
10. The R&D tax Credit is in a temporary tax status

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