The Shrink Back Rule

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The Shrink Back Rule

The R&D Shrink Back Rule

Overview: The Research and Development (“R&D”) Tax Credit is a federal incentive for companies conducting qualified research activities and is codified by Section 41 of the Internal Revenue Code (“IRC”). IRC §41(d) sets forth the four-part test that must be satisfied in order for a company’s research activities to qualify for the credit. However, if […]

The R&D Shrink Back Rule

Overview: The Research and Development (“R&D”) Tax Credit is a federal incentive for companie...