U.S. Rep. Walorski Introduces Bill to Double R&D Tax Credit

On July 23, U.S. Rep. Jackie Walorski (R-IN) along with cosponsor Rep. Jodey Arrington (R-TX) sponsored H.R. 7766. This legislation would double the traditional research and development tax credits, and make it easier for small businesses and start ups to access the tax credit incentive.

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R&D is Essential for Boosting the American Economy

R&D provides a platform for creativity and innovation to flourish and your company to stay relevant. The research and development (R&D) tax credit provides motivation for companies to advance innovation in the United States.

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The U.S. Pharmaceutical Industry’s Race to End COVID-19

Any company producing new antibiotics or infection fighting equipment, utilized to combat COVID-19 are certainly at the forefront of all medical research being conducted in the U.S. currently. These lifesaving efforts can be supported by the R&D tax credits.

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U.S. Manufacturing Industry is Driven by Increasing R&D Innovation During this Global Pandemic

Manufacturing companies are responding by pivoting their operations to produce products to help in the fight against COVID-19.

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The New Normal & Keeping Your Eyes on the Prize

CPAs: Are your clients missing the opportunity to claim valuable tax credits?

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Tax Point Advisors Offering Our Expert Tax Advice via Tele-Services

During these times of uncertainty Tax Point Advisors is continuing to offer their expert tax advice via tele-services.

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Section 45L Tax Incentive for the Real Estate Industry Extended through December 2020

A significant but often overlooked financial incentive to energy efficient builders and contractors is the 45L tax credit. This tax credit is for owner occupied or rental dwelling buildings that meet certain energy saving standards.

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IRS Develop a Draft Form 7200 for the Advance of Payroll Tax Credits Due to COVID-19

On March 30, the IRS issued a draft of Form 7200 to identify a larger set of employment taxes against which the payroll tax credits could be applied.

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Extending the Tax Deadline to July 15 and How This May Affect Taxpayers

The filing deadline for federal tax returns has been extended from April 15 to July 15, 2020.

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Breaking News from Tax Point Advisors: CARES Act Signed into Law - Largest Stimulus Package in U.S. History

President Trump has signed into law the historic $2 trillion relief bill known as the Coronavirus Aid, Relief and Economic Security (CARES) Act.

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Latest from the blog

The Biotechnology Industry is “Growing” and Can Qualify for Significant R&D Tax Credits

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Medical Device Manufacturing Activities Qualify for Valuable R&D Tax Credits

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Nutritional Science Innovations are Eligible for R&D Tax Incentives

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