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

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