October 23, 2020
Construction Accounting & Taxation published an article by Tax Partner Barry Fischman, about the applicability and benefit of the R&D tax credit for contractors.
Construction Accounting & Taxation
By Barry Fischman, Partner, Tax & Business Services
Excerpt:
The R&D credit is a legislated federal tax subsidy and is available to businesses in most industries, including — but not limited to — construction. Eligible companies are allowed to go back and amend the prior three years’ returns, with up to 10 percent of qualifying investments potentially eligible for significant federal tax refunds.
