TAX TIPS FOR JOB SHOPS: THE R&D TAX CREDIT

摘要

What does "research and development" have to do with metal manufacturing? According to the federal government (and most state governments), quite a bit. In fact, R&D could be the ticket you need to slash your company's tax liability, and it's all thanks to one misunderstood tax incentive. The Research and Development (R&D) Tax Credit is one of the most generous tax incentives out there, with the IRS estimating that $10.8 billion in federal tax credits were claimed in 2012 alone (the most recent tax year on record). Considering that this estimate does not include credits claimed by S-Corps or LLCs or the amount of R&D credits claimed at the state level, the amount of total R&D credits claimed for 2012 is likely much higher than reported.