Research credit to offset AMT, payroll taxes | KPMG | GLOBAL

Opportunities to use research credit to offset AMT, payroll taxes

Research credit to offset AMT, payroll taxes

The section 41 tax credit for increasing research was made permanent by legislation enacted at the end of 2015. Along with permanent reinstatement of the research credit, certain small businesses can get special tax benefits.


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With the permanent extension of research credit, there may be an ability to offset alternative minimum tax (AMT) and payroll taxes for eligible businesses. 


Read a February 2016 report [PDF 168 KB] prepared by KPMG LLP: What’s News in Tax: Research credit made permanent; new potential abilities to use research credit to offset AMT, payroll taxes

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