How to Claim the R&D Tax Credit for C Corporations
By definition,a C corporation, under United States federal income tax law, refers to any corporation that is taxed separately from its owners. A C corporation is distinguished from an S corporation, which generally is not taxed separately. Most major companies (and many smaller companies) are treated as C corporations for U.S. federal income tax purposes. The legal structure of a business can impact how they claim R&D tax credits. In our previous video tutorial, we went through the process of claiming the R&D Tax Credit as an S Corporation.
Therefore, in our latest video tutorial, we go through the method of claiming the R&D Tax Credit as an C Corporation.
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Claiming the Texas R&D Tax Credit through the Franchise Tax Credit