R & D tax credit

[JenMO]

Client is interested in this, and I cannot find a lot of info. How is this used, forms to fill out, any materials to read? I need some guidance, please

[JenMO]

Does no one know about this? or least guide me to some info. Any help is appreciated

[TaxGuyBill]

I've never used it, but here is some information. It is the credit for increasing research activities. It goes on Form 6765, which flows to Form 3800.

https://www.irs.gov/pub/irs-access/f6765_accessible.pdf

https://www.irs.gov/pub/irs-pdf/i6765.pdf

https://www.irs.gov/pub/irs-pdf/f3800.pdf

https://www.irs.gov/pub/irs-pdf/i3800.pdf

Journal of Accountancy article:

http://www.journalofaccountancy.com/issues/2010/mar/20092122.html

Code Section 41 and Audit Guide:

https://www.law.cornell.edu/uscode/text/26/41

https://www.irs.gov/Businesses/Audit-Techniques-Guide:--Credit-for-Increasing-Research-Activities-%28i.e.-Research-Tax-Credit%29-IRC-%C2%A7-41*---Qualified-Research-Expenses

https://www.law.cornell.edu/uscode/text/26/38

If it doesn't qualify for the credit, it is still a deduction:

https://www.irs.gov/Businesses/Small-Businesses-&-Self-Employed/Research-and-Development-Manufacturing-Tax-Tips