The R&D Tax Credit Extended Once Again – What Does 2015 have in Store?

On Friday, the White House indicated that President Obama signed the tax extender package contained in HR 5771, the Tax Increase Prevention Act of 2014. The bill, which was overwhelmingly approved in the House of Representatives and the Senate earlier this month, includes a one-year extension of the research tax credit retroactive to January 1, …

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R&D Tax Credit Rule Change is Welcome News for Manufacturers

On June 3, the IRS surprised taxpayers when it announced a significant change to the research tax credit regulations relating to the election of the alternative simplified credit (ASC). The rule change, which is effective immediately, allows taxpayers to make an ASC election on an amended return for a previously filed tax year. In June …

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The Research Tax Credit Gets a Positive Boost

Last week, on April 3, Senate Finance Committee Chairman Ron Wyden (D-OR) and the Finance Committee passed a bipartisan bill renewing the popular research tax credit as well as 50 other tax provisions known as the “tax extenders”. The bill entitled the Expiring Provisions Improvement Reform and Efficiency (EXPIRE) Act was approved by a near …

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The Federal Research Tax Credit Expired on December 31 – What happens now?

The federal Credit for Increasing Research Activities, one of the most valuable tax breaks for U.S. manufacturing and technology companies, expired on December 31. The expiration marks the ninth time the R&D tax credit has elapsed. So, should American businesses be concerned the credit will not be available for 2014 and the coming years? No …

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The Research Tax Credit – A Tax Saving Strategy for Architectural and Engineering Firms?

A frequently asked question these days is, “do architectural and engineering/construction firms qualify for the R&D tax credit?” The answer, unfortunately, is not simple. While research tax credits can be a lucrative incentive for any firm, a unique set of facts and circumstances is required for an A&E firm to qualify. For an activity to …

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Federal Research Tax Credit Update

The American Taxpayer Relief Act of 2012 extended the Credit for Increasing Research Activities (“The R&D Tax Credit”) from Jan. 1, 2012 through the end of 2013. The extension marks the 16th time the credit has been extended since its origination in 1981. In addition to extending the popular credit, the legislation also clarifies the …

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Intrepid Advisors LLC Relocates Corporate Headquarters to Marlborough, MA

For more information contact: Stephen J. Powers, President Intrepid Advisors LLC Phone: 508-926-2236 spowers@intrepid-advisors.com FOR IMMEDIATE RELEASE: Intrepid Advisors LLC Relocates Corporate Headquarters to Marlborough, MA MARLBOROUGH, MA – January 20, 2012 – Intrepid Advisors LLC, a leader in providing specialized research and development tax credit services, announces they have relocated their corporate headquarters to …

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New Study Concludes that the R&D Tax Credit Increases Private-Research Spending and Job Creation

A new study commissioned by the R&D Credit Coalition concludes that the R&D tax credit does increase research spending and creates jobs in the United States. The report contends that the impact of the tax credit would be even greater if Congress and the President were to strengthen the credit and make it permanent. Among …

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There’s Still Time for Businesses Located in the Northeast to Claim the Federal Research Credit for Tax Year 2010

Businesses located throughout the Northeast may still have time to claim a research tax credit for tax year 2010 using either the regular or “alternative simplified credit” (ASC) method. As a result of Hurricane Irene, businesses that had obtained an extension until Sept. 15 to file their 2010 returns, and individuals and businesses that received …

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