When to elect the reduced R & D credit (under sec. 280C). (research and development): An article from: The Tax Adviser

This digital document is an article from The Tax Adviser, published by American Institute of CPA's on February 1, 1995. The length of the article is 800 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.

From the supplier: Choice between the two alternative elections available under the IRC section 280C research and development tax credit should be made based on the taxpayer's tax rate and the state income tax rate. The taxpayer may elect a 20% credit with the credit amount added to income or a 13% credit with no addition. Taxpayers in lower corporate tax brackets should elect the 20% credit, and pass-through entities whose income is subject to the highest personal rates should select the 13% credit. Taxpayers subject to rates in between these should calculate the effect that state taxation will have.

Citation Details
Title: When to elect the reduced R & D credit (under sec. 280C). (research and development)
Author: Steven Touger
Publication:The Tax Adviser (Magazine/Journal)
Date: February 1, 1995
Publisher: American Institute of CPA's
Volume: 26 Issue: n2 Page: 88(2)

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