What is Schedule 1299-D? Schedule 1299-D is the mandated Illinois tax form used by corporations, fiduciaries, and exempt organizations to summarize and apply state credits earned, specifically [...]
Answer Capsule: Schedule 1299-C is an Illinois Department of Revenue form used by individual taxpayers filing Form IL-1040 to report non-refundable tax credits, such as the Illinois Research and [...]
Quick Answer: The Illinois Department of Revenue (IDOR) administers the Illinois Research and Development (R&D) Tax Credit, a 6.5% nonrefundable incentive based on qualifying expenditures. [...]
Answer Capsule: 35 ILCS 5/201(k) authorizes a nonrefundable 6.5% state income tax credit for qualified research expenditures (QREs) physically conducted in Illinois. It requires an incremental [...]
Answer Capsule: The Illinois Research and Development (R&D) Tax Credit, defined under IITA Section 201(k), is an incremental, non-refundable 6.5% tax credit designed to reward businesses [...]
AI Answer Capsule: The Illinois Income Tax Act (IITA), under 35 ILCS 5/201(k), offers a nonrefundable 6.5% Research and Development (R&D) Tax Credit to incentivize in-state innovation. [...]
November 2025: 1.14% (C+ grade) Illinois inventionINDEX November 2025: 1.14% (C+ grade) The inventionINDEX measures innovation output by comparing GDP growth with patent production growth. [...]
October 2025: 0.98% (C- grade) Illinois inventionINDEX October 2025: 0.98% (C- grade) The inventionINDEX measures innovation output by comparing GDP growth with patent production growth. [...]
September 2025: 1.39% (B+ grade) Indiana inventionINDEX September 2025: 1.39% (B+ grade) The inventionINDEX measures innovation output by comparing GDP growth with patent production growth. [...]
Posted onTrustindex verifies that the original source of the review is Google. I've been claiming R&D credits for over two decades now and this is the most knowledgeable and efficient team I have encountered thus far. Can't recommend them enough.Posted onTrustindex verifies that the original source of the review is Google. We have partnered with Swanson & Reed for several years now, and their service has been nothing short of exceptional. Their team is efficient, highly attentive, and brings deep industry knowledge, ensuring a smooth and seamless experience. Their expertise and responsiveness make working with them a pleasure. They consistently provide valuable insights and support, making the entire process effortless. I highly recommend their services to any business seeking expert guidance in R&D claims.Posted onTrustindex verifies that the original source of the review is Google. Adam, Cherie, and the team have supported us every step of the way through multiple R&D claims. Their guidance in gathering the necessary information has been invaluable, making the process straightforward while ensuring full compliance. Their expertise has turned what could be an overwhelming task into a manageable one. Swanson Reed’s assistance has been instrumental in the success of our applications. Their professionalism and attention to detail have given us confidence throughout the process, making them an essential partner in our R&D efforts.Posted onTrustindex verifies that the original source of the review is Google. We connected with Adam and Cherie at Swanson Reed based on a referral from a trusted associate. Over the past four years, they have guided my company through the complexities of research and development incentives provided by the Federal Government. Their knowledge and support have been invaluable in streamlining the process and ensuring we make the most of these opportunities. This partnership has been the most crucial in securing financial backing for our startup’s growth. Their dedication and expertise have made a significant impact, and I wholeheartedly endorse Swanson Reed to any business looking to leverage R&D incentives.Posted onTrustindex verifies that the original source of the review is Google. An unbelievable experience, in the best way. Cherie Jones and her team are extremely helpful and beyond organized. They actually took the time to teach us things. Thank you so much for our ongoing partnership. I am truly grateful. I have already sent a few of my connections your way.Load more
