Understanding the Research and Development Tax Credit

The R&D Tax Credit, also known as the Research and Experimentation (R&E) tax credit, is a federal benefit that provides companies tax credit for performing activities related to the development, design, or improvement of products, processes, formulas, or software. In today's world where innovation and technology are hugely important to the success of many industries, this credit can be hugely beneficial. But how does it work? How does my company qualify? In this session, Ying will discuss the R&D Tax Credit to explain to you what it is and how to go about claiming the credit.
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Disclaimer: CommunityCPA, as part of our services to our valued clients, is providing these seminars in order for businesses to cope with the current pandemic. We are not responsible for any damages the attendees or viewers may suffer as a result of following any of the advice or information provided. Although we are doing our best to stay informed, the current situation is very dynamic and the information could change at any time without any notice. Our information and advice is not legal in nature and should not be construed as such. Please consult your legal counsel if you should need any legal advice.

[@unsb9109]

Great Info ❤❤

[@Datajustice]

Sometimes there are intersections between social sciences and other sciences (e.g., COVID-related research, viral spread, social distancing)

[@tonychan8327]

Hello Ms, Ying Sa, I would like to apply mark to market on my tax for this year (2023). I am an active trader, last year I trade over 1000 transactions in stock. how do I apply for "mark to market" so I can avoid "WASH SALE"? what form do I fill out to elect to "mark to market" ?

[@CommunityCPA]

Hi Tony. We can consult with you on it. Reach out to us via email, [e-mail].

[@Sam-yt3dq]

As to the example, I don't get why tax credit should be less than $40,000.