Research and Development (R&D) Tax Credit

The R&D Tax Credit was created by Congress to:

  • • Fuel American innovation by reducing the tax bill of qualified businesses.
  • • Protect American jobs by keeping our technological capabilities within the United States.
  • • Drive Gross Domestic Product (GDP) by investing in companies that showcase innovation.
  • • Keep American businesses thriving by offsetting the cost of our premium American workforce.

What Happened in 2016

  • • Prior to 2016 – the R&D Tax Credit could not be taken against AMT. That’s all changed now.
  • • That means if you run a company and AMT has traditionally kept you from further reducing your tax liability, 2016 is your year.
  • • Now you can use the R&D Tax Credit to reduce your tax bill below AMT.
  • • That’s why 2016 and beyond is the time to jump on the R&D Tax Credit.

Do I Qualify?

If you are unsure whether or not your business qualifies as “innovative” – there’s more good news. Starting in 2001 – Congress evolved the definition to include any activities (products, processes, software, techniques, or formulas) that are new and improved for the company. In other words – if you’re creating or improving something, whether it’s new to the world or just new to you, you can and should be claiming the research credit. Fill out the no cost R&D Intake Form and we will evaluate your situation.

How to Claim

The R&D Tax Credit can be substantial, and if you want to reduce your tax burden by claiming the credit, you have a responsibility to make sure it’s defensible. You’ll need to make sure you adhere to the IRS guidelines and properly track costs associated with R&D-related tasks. That’s where USTAGI comes in to ensure effective execution. USTAGI offers the easiest and most defensible way to claim the R&D Tax Credit. USTAGI knows the R&D tax credit inside and out – and we can show you how to track and claim your research credit without stress or confusion. So, stop overpaying your taxes and start protecting your American innovation!