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          It’s Now Easier for Large Businesses to Claim R&D Credits

          国税局指导 allows large business and international taxpayers (with assets of $10 million or more with audited financial statements) to take advantage of a “safe harbor” under which an adjusted amount of their R&D costs can be classified as qualified research expenses for increasing research activities. This new method of determining the correct amount of research credits reduces the compliance burden on companies, as well as the auditors who review qualified research expenses. The IRS has instructed examiners to not challenge qualified expenses correctly calculated under this new method. This guidance should improve the efficiency of both taxpayers and IRS audit resources.

          To learn more about R&D tax credits for your business, contact your CSH advisor.

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