- Section 41 – The primary tax code for R&D.
- Section 174 – Governs mandatory capitalization of research costs.
- Qualified Research Expenses (QREs) – Total costs eligible for the credit.
- Four-Part Test – Criteria to qualify a research activity.
- Permitted Purpose – Improving function, performance, reliability, or quality.
- Technological in Nature – Relies on physical or biological sciences.
- Elimination of Uncertainty – Solving unknowns regarding design or methodology.
- Process of Experimentation – Evaluating alternatives through testing or modeling.
- Business Component – The specific product, process, or software.
- Shrink-Back Rule – Evaluating sub-components if whole product fails.
- Wages – Box 1 W-2 taxable employee compensation.
- Supplies – Tangible items consumed during research.
- Computer Rental – Costs for hosting or cloud servers.
- Contract Research Expenses – Payments to third parties for R&D.
- Cloud Computing Costs – Fees for AWS, Azure, or Google.
- Regular Research Credit (RRC) – Calculation using complex fixed-base percentages.
- Alternative Simplified Credit (ASC) – Credit based on 14% of growth.
- Base Amount – Historical spending threshold to exceed.
- Fixed-Base Percentage – Ratio of R&D to gross receipts.
- Average Annual Gross Receipts – Revenue average over prior four years.
- Start-Up Provision – Special base rules for newer companies.
- Payroll Tax Election – Offsetting social security taxes instead.
- Qualified Small Business (QSB) – Revenue under $5M; under five years.
- PATH Act – Made the R&D credit permanent.
- Tax Cuts and Jobs Act (TCJA) – Mandated five-year amortization of R&D.
- Amortization of R&E – Spreading research costs over several years.
- Capitalization – Recording expenses as long-term assets.
- Mid-Year Convention – Half-year deduction rule for first-year amortization.
- Section 280C Election – Reducing credit to avoid double deduction.
- Reduced Credit – Lowered credit amount to preserve deductions.
- Controlled Group – Corporations linked by common parent ownership.
- Common Control – Entities managed by same small group.
- Aggregation Rules – Combining related entities for credit limits.
- Consistency Rule – Applying identical logic to all years.
- Internal Use Software (IUS) – Software developed for non-commercial internal operations.
- High Threshold of Innovation – Extra requirements for IUS qualification.
- Dual Function Software – Software used by employees and customers.
- Third-Party Subset – Customer-facing portion of internal software.
- Commercial Availability – Software offered for sale or lease.
- Significant Economic Risk – Potential financial loss if research fails.
- Funded Research – R&D paid for by another party.
- Financial Risk – Bearing the cost of failed attempts.
- Substantial Rights – Maintaining intellectual property ownership or usage.
- Fixed-Price Contract – Set payment regardless of research outcome.
- Cost-Plus Contract – Reimbursed costs plus a specific fee.
- Time and Materials Contract – Hourly billing for research services.
- Capped Contract – Payment limited to a maximum amount.
- Research After Commercial Production – Testing after product is ready.
- Adaptation – Modifying existing products for specific customers.
- Duplication – Copying an existing business component.
- Reverse Engineering – Deconstructing a competitor’s product.
- Routine Data Collection – Standard market research or business surveys.
- Quality Control Testing – Regular testing of finished products.
- Efficiency Surveys – Studies on management or operational flow.
- Management Functions – General administrative or executive decision-making.
- Social Sciences Exclusion – Psychology or economics research is ineligible.
- Foreign Research – Activities conducted outside the United States.
- Humanities Exclusion – Arts and history research is ineligible.
- Audit Defense – Substantiating claims during IRS examinations.
- Contemporaneous Documentation – Records created at time of research.
- Nexus – Direct link between expenses and activities.
- Project Accounting – Tracking costs at the project level.
- Credible Testimony – Employee statements supporting the R&D claim.
- General Business Credit – Category where R&D credit resides.
- Statistical Sampling – Using math models to estimate expenses.
- ASC 730 Directive – Simplified R&D reporting for large taxpayers.
- Form 6765 – The primary form for R&D credits.
- Form 8974 – Form for claiming payroll tax credits.
- Form 3800 – General Business Credit summary form.
- Amended Return – Filing to claim prior-year missed credits.
- Audit Techniques Guide (ATG) – IRS manual for examining R&D claims.
- Information Document Request (IDR) – IRS request for specific company records.
- Notice of Claim Disallowance – IRS rejection of a credit claim.
- Pilot Model – Functional representation used for testing.
- Prototype – Early model used for experimental evaluation.
- First-in-Class – Entirely new technology or product category.
- Direct Supervision – Management of researchers’ daily technical work.
- Direct Support – Assistance to researchers (e.g., cleaning labs).
- Qualified Services – Performance, supervision, or support of research.
- Substantially All Rule – 80% rule for capturing 100% wages.
- De Minimis Rule – Disregarding minor non-qualifying activities.
- Patent Safe Harbor – Presumed qualification for patented inventions.
- Incident to Development – Costs necessary for the research process.
- Specified Research or Experimental Expenditures (SRE) – Costs subject to mandatory capitalization.
- Research and Experimental (R&E) Expenditures – Section 174 definition for all R&D.
- General and Administrative (G&A) Functions – Indirect overhead costs (usually excluded).
- Interactive Software – Code allowing user input and response.
- Hardware-Software Integration – Testing how code and machines interact.
- Specially Designed Software – Custom code for unique business needs.
- ERP Implementation – Installing large-scale business management software.
- Clinical Trials – Testing drugs or devices on humans.
- Patent Perfection Costs – Expenses to secure and defend patents.
- Extraordinary Utilities – High energy costs specifically for research.
- Carry forward – Using unused credits in future years.
- Carryback – Applying unused credits to previous years.
- Section 41(g) – Rules for pass-through entity owners.
- Pass-Through Entity – S-Corps or Partnerships where tax flows.
- Qualified Organization – Universities or scientific research groups.
- Basic Research Payments – Funding for non-commercial academic science.
- Energy Research Consortium – Group research for energy-related improvements.