Understanding the R&D Tax Credit is Easier than You Think
posted by racksjackson 394 days 6 hours 29 minutes ago
Meanwhile, you should also understand that the regulations finalized in the last month (read: December) of the year 2003 have made it easier for you to benefit from this credit. In fact, the said regulations have broadened the number of eligible taxpayers, and you could be one of them. It is because of these regulations that you are no longer obligated to undertake such activities that give birth to new technical knowledge. However, it is worth mentioning that the activities which qualify for the R&D tax credit must involve the use of technological principles.
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