Discussion:R&D Credit - Self Employed T/P
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| Revision as of 02:18, 5 May 2007 Riley2 (Talk | contribs) (I believe that y) ← Previous diff |
Revision as of 15:51, 8 May 2007 JCCPA (Talk | contribs) (Thanks Riley2.) Next diff → |
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| I am not aware of any court decisionson R & D credits on software. However, internal use software that satisifies the criteria set forth in the proposed regs should qualify. See Prop Reg § 1.41-4(c)(6).}} | I am not aware of any court decisionson R & D credits on software. However, internal use software that satisifies the criteria set forth in the proposed regs should qualify. See Prop Reg § 1.41-4(c)(6).}} | ||
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| + | {{ForumReplyPost|UserID=JCCPA|Date=8 May 2007|Text=Thanks Riley2. I have never done any R&D using self-employment earnings as wages - I appreciate your feedback! | ||
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Revision as of 15:51, 8 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.... | |
| 5 May 2007 | |
| I believe that your interpretation is correct.
I am not aware of any court decisionson R & D credits on software. However, internal use software that satisifies the criteria set forth in the proposed regs should qualify. See Prop Reg § 1.41-4(c)(6). | |
| 8 May 2007 | |
| Thanks Riley2. I have never done any R&D using self-employment earnings as wages - I appreciate your feedback! | |
