🎙️ Cracking the R&D Tax Credit
Episode 2 of Tax in Action Is Now Live!
In this episode, I cover intricacies of the Research & Development (R&D) Tax Credit under IRC §41, a powerful yet often misunderstood incentive for businesses.
In this episode, you’ll learn the following:
☑ The four-part test for qualified research activities;
💸 Identifying eligible expenses, including wages, supplies, and contract research;
🧮 Calculating the credit using the Regular and Alternative Simplified Credit methods;
💻 Special considerations for internal-use software and the “High Threshold of Innovation” test;
📈 How startups can apply the credit against payroll taxes; and
🛑 Common myths and pitfalls to avoid.
Earn CPE for listening to this podcast!
Whether you’re advising startups, tech firms, or traditional businesses exploring innovation, this episode provides practical insights to navigate the R&D credit landscape effectively.