Qualification Requirements for the R&D Tax Credit
Types of Qualifying Businesses
Types of Eligible Expenses
3 Steps to Claiming the R&D Tax Credit
1. Identify Eligible Expenses
2. Gather Documentation
3. Use Form 6765
IRS Form 6765, Credit for Increasing Research Activities, is the document you’ll need to claim this credit. You can claim the regular credit in Section A of the form, or claim the alternative simplified credit (ASC) in Section B. You can claim the ASC on an amended return for a tax year if you haven’t claimed the credit on an original or amended return for that tax year. You will then follow the instructions on the form to enter eligible expenses, then indicate whether you are a qualified small business electing the payroll tax credit. Attach this form to your tax return.