Forbes contributors publish independent expert analyses and insights. I write about tax policy and how it affects business. The One Big Beautiful Bill Act (OBBB) has a number of important provisions ...

The 2025 R&D Tax Credit now qualifies more businesses beyond tech, with 14-20% of R&D expenses eligible for dollar-for-dollar tax reduction. Even without a formal R&D department, systematic ...

NEW YORK, NY - APRIL 08: Mirimus lab scientists preparing to test. (Photo by Misha Friedman/Getty Images) While the United States has always been at the forefront of innovation, barriers continue to ...

To continue reading this content, please enable JavaScript in your browser settings and refresh this page. Preview this article 1 min The IRS is asking for more ...

Over 14,000 businesses in the U.S. claim the federal research and development tax credit every year, so businesses relying on this funding need to be aware that the claiming process has recently ...

Video game developers are benefiting from research and development tax credits and recent changes in the rules for deducting R&D expenses, with tax professionals helping claim valuable tax breaks for ...

Research and development (R&D) is a key driver of the American economy. Policymakers at the state and federal levels benefit from evaluation processes that can assess whether spending on incentives to ...

The new Section 174A that came out of the One Big Beautiful Bill Act establishes different rules for past and future research and development spending — creating an opportunity for advisors.

The IRS audited 2.3% fewer returns in fiscal year 2022 compared to 2021, the Internal Revenue Service Data Book shows. But even with fewer audits, the agency kept a close watch on credits and ...