Does the provision for eligible small business credits to eliminate AMT in 2010 carry forward into 2011. If a credit is generated in 2011 can it fully offset AMT? The 2010 R&D generated are the only credits which can be used to offset AMT. This was a special rule for 2010 only. The 2010 credits…» Read More
KBKG Responds to Technical Questions Raised on the R&D Tax Credits
Take Advantage of the R&D Tax Credit
With tax season rapidly approaching, now is the perfect time to evaluate the potential savings that the R&D Credit can provide before filing your 2011 tax return. The R&D credit allows companies to receive tax credits for activities that incur expenses intended to develop new, improved and more reliable products, processes and formulas. The federal…» Read More
Research & Development Tax Credit Finally Permanent? Not yet but maybe soon!
Many in industry certainly wish this would become a reality and feel it’s long overdue. The Research & Development (R&D) Tax Credit (“Credit”) has been extended 14 times since first enacted in 1981. Historically the Credit has been temporary in nature and when extended it has generally been extended for two year periods, often retroactively….» Read More