R&D Tax Credit Alternative Minimum Tax (AMT) Offset

New legislation allows eligible businesses to offset the R&D credit against alternative minimum tax. Beginning in 2016, eligible small businesses can claim the R&D credit against the AMT. The ability to offset the credit against AMT removes a significant obstacle previously associated with utilization of R&D credits. Under the PATH Act of 2015, which made Read the full article…


R&D Tax Credit Do’s and Don’ts for the Construction Industry

Guidelines When Identifying R&D Credit Opportunities.  R&D credit service providers are looking at construction industry companies to identify R&D tax credit opportunities. Design/build, general contractors, and specialists such as electrical and mechanical/HVAC contractors are all candidates for potential R&D credit claims. There are many construction companies whose activities and projects will qualify for R&D tax credits.  Read the full article…


Modified Treasury Regulations Allows More Taxpayers to Capture R&D Credits for Prior Years

Earlier this week, The US Department of the Treasury announced planned modifications to the Federal R&D Tax Credit (see TD 9666 here, press release from the office of Sen. Christopher Coons here) which will allow taxpayers to elect the Alternative Simplified Credit (“ASC”) method for calculating the R&D Credit on an amended tax return.  Previously, Read the full article…


Louisiana Biotech – TransGenRx – Awarded One of the Largest Tax Credits in History of Louisiana R&D Tax Credit Program

TransGenRx Inc. (tgrxinc.com), a biopharmaceutical manufacturing company based in Baton Rouge, LA, recently received one of the largest R&D Tax Credits in the history of the LA R&D Program. TRCG Advisors, LLC, a Tax Credits and Incentives Firm based in Baton Rouge, assisted the Company in identifying, capturing, and filing for the incentive. Prior to Read the full article…


Proposed 2013 Federal Budget Calls for Additions, Changes, and Enhancements to Business Incentives

The Obama Administration has released its fiscal year 2013 budget (the full “greenbook” can be viewed here).  While the likelihood of these provisions becoming law in an election year may be questionable, we’d like to highlight a couple of the additions, changes and enhancements proposed to business tax incentives: Establishment of an “In-sourcing” Tax Credit for Read the full article…


Louisiana – R&D Tax Credit Program Changes

On January 3rd, 2012, Louisiana Economic Development proceeded with its plan to implement rule changes to the administration of the state’s R&D Tax Credit Program. A public hearing was held during which TRCG Advisors was the only Tax Provider to attend and provide comments to the proposed rules.  Considering some of the administrative difficulties the Read the full article…