Posted by Jeffrey Feingold on 12.18.10

R&D Credits available through 2011

Last night the House of Representatives passed the $858 billion extension of the Bush-era tax rates approved by the Senate on Wednesday. This bill includes extension of the Research & Development Tax Credit, which previously expired in 2009, to continue through 2011. With the bill's success in Congress, the president is expected to sign it into law next week.

The extension of the R&D credit follows on the heels of the 2010 small business bill, passed in September (HR 5297), which permits businesses under $50 million in revenue to use general business tax credits - including the R&D credit - to offset Alternative Minimum Tax (AMT) in 2010.

"With both the extension of the R&D credit, and the new law allowing for the credit to offset AMT for the first time in history," noted Jeffrey Feingold, Managing Partner of Tax Point Advisors, a leading U.S. tax credit consulting firm, "small and mid-sized companies across the U.S. will be able to qualify for and benefit from this valuable tax reduction program."

CPAs and their clients who have qualified for R&D Credits in the past, or who previously have not qualified due to AMT issues, should re-consider this tax credit. Contact Tax Point Advisors at 1.800.260.4138, or at, to discuss how you or your client may qualify for the improved R&D Tax Credit program.

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