Discussion:R&D Credit - Self Employed T/P
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Revision as of 18:14, 4 May 2007
Discussion Forum Index --> Tax Questions --> R&D Credit - Self Employed T/P
| 4 May 2007 | |
| I am working on calculating a potential R&D Tax Credit for the current year and prior two years for a client. Client is a self-employed software engineer with many patents regarding his software. This is the first time that I have worked with R&D for a SMLLC filing a Schedule C. In reading through S. 41 and the reference in S. 41(b)(2)(D) to S. 401(c), I interpret the Code to say that net earnings from self employment are considered wages for the R&D Tax Credit. I am wondering if anyone is familiar with this and if my interpretation is on point?
Also - does anyone know of any recent court cases regarding R&D Tax Credits and software? Thanks in advance.... | |
