Basics of Claiming the R&D Tax Credit for LLC’s

Posted April 12, 2016

In R&D Training Videos, Recent News, Workshop

A limited Liability Company (LLC) is initially treated like a sole proprietorship or partnership with an initial filing date of April 15 and an extended filing date of October 15. However, LLC’s can elect to change their fiscal year (read our post, Calendar Years vs Fiscal Years for more information on this) and to be treated like a corporation for tax purposes.

Nonetheless, with the original filing date of April 15 approaching at the end of the week, discover the basics of claiming the research and development (R&D) tax credit for LLC’s in our latest video tutorial.

Watch on Youtube: https://www.youtube.com/watch?v=TEFdmlVXsuE

Or alternatively, watch below:

Want more quick video tutorials like this?

Check out our series so far:

Learn what the R&D Tax Credit is in less than 4 minutes

3 Minute Video Guide on the IRS Four-Part Test

An Introduction to Amended Returns, Working Through Universities & State Credits

What is the Texas Sale & Use Tax?

Timing Issues for the Federal R&D Tax Credit

A Basic Overview of the R&D Tax Credit Forms

The Qualifying Research Expenses For the R&D Tax Credit

Calculating the Federal R&D Tax Credit

What are the State Credit Calculations Required for the R&D Tax Credit?

Timing Issues for Texas R&D Tax Credit Claims

Documentation Required for Filing the R&D Tax Credit
Claiming the Texas R&D Tax Credit through the Franchise Tax Credit

Swanson Reed is a specialist R&D tax firm and has helped many clients across a diverse range of industries. Contact us for more information on how we can advance your company’s market value and boost its bottom line through the Research and Development Tax Credit.