California offers one of the best tax credits of any state- 15%. The R&D Tax Credit for California is available annually for tax years beginning on or after January 1, 2000. Any R&D Credit that is not used to offset the qualified taxpayer’s income or franchise tax must be carried over to future years. You qualify for the credit if you paid or incurred qualified research expenses while conducting qualified research in California. Qualified research expenses generally include wages, supplies, and contract research costs.
You claim the credit on the return for the taxable year you incurred the qualified expenses. Use Form 3523 to claim the R&D credit in California. To receive a California research and development tax credit, the corporation must be allowed a research credit for the taxable year against federal income tax.
Tax Point Advisors Leadership in California
Tax Point Advisors was founded in Walpole, Massachusetts, by Jeffrey Feingold who is currently a managing partner and majority shareholder. He spends most of his time between the Boston and New York offices, but he also works with CPAs and their clients in our Los Angeles office. Over the past eight years, Mr. Feingold has worked with hundreds of companies across the country in assisting them to successfully claim over $100m in state and federal research and development tax credits.
Our Los Angeles office is managed by William Mehi. Mr.Mehi is Tax Point Advisors’ Eastern Region Managing Director, in charge of business development, serving our CPA and client relationships across the Northeast. William works with dozens of clients and has helped them to claim millions of dollars in research and development tax credits. William resides in MA, and divides his time equally between our Boston, NY and Los Angeles offices.
Tax Point Advisors Approach
In order to maintain our status as the nation’s foremost provider of Research and Development Tax Credit studies, we have a top-notch staff to help you claim the maximum available R&D tax credits while keeping your chances of an audit very low. The Tax Point approach is at the core of our industry-leading audit success. We have never had a client’s credit denied under audit. The Tax Point approach is at the core of our industry-leading audit success -our approach maximizes credit yield and generates a low audit rate – and we have never had a client’s credit denied under audit.
See If You Qualify
Fill out the following form to begin the free, no obligation assessment with our expert staff to see if you qualify for R&D tax credits.
