Basics of Claiming the R&D Tax Credit for LLC’s
A limited Liability Company (LLC) is initially treated like a sole proprietorship or partnership with an initial filing date of April 15 and an extended filing date of October 15. However, LLC’s can elect to change their fiscal year (read our post, Calendar Years vs Fiscal Years for more information on this) and to be treated like a corporation for tax purposes.
Nonetheless, with the original filing date of April 15 approaching at the end of the week, discover the basics of claiming the research and development (R&D) tax credit for LLC’s in our latest video tutorial.
Watch on Youtube: https://www.youtube.com/watch?v=TEFdmlVXsuE
Or alternatively, watch below:
Want more quick video tutorials like this?
Check out our series so far:
Claiming the Texas R&D Tax Credit through the Franchise Tax Credit
Swanson Reed is a specialist R&D tax firm and has helped many clients across a diverse range of industries. Contact us for more information on how we can advance your company’s market value and boost its bottom line through the Research and Development Tax Credit.
