New Option for Claiming Research Credit
Summary Cross References
- IR-2017-93, May 3, 2017
The IRS is reminding eligible small business startups that they can now choose to apply part or all of their research credit against their payroll tax liability instead of their income tax liability. This new option is available for any eligible small business for taxable years beginning after December 31, 2015. Before 2016, the research credit could only be claimed as a credit against income tax liability. The option to e
