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Expert insights on tax credits, compliance, and innovation incentives
Your Project Failed. What Does That Mean For Your R&D Tax Credit?
A failed project may still qualify for the R&D tax credit. The Treasury regulations state that the ultimate success or failure does not automatically qualify or disqualify whether its development costs count as research expenditures. Before you write off a shelved prototype, a scrapped software build, or a formulation that was never launched, find out whether the work behind it qualifies.
R&D Tax Credits for Timberland and Forest Management Companies
Timberland owners and forest management companies often don’t recognize that they may qualify for R&D tax credits, but many of them are already performing research and development activities when improving operations.
R&D Tax Credits for Postharvest Processors
Many agricultural operations don’t think that they’d qualify for R&D tax credits, and that’s not just reserved for farmers. It applies to other essential agriculture operations, such as grain elevator managers and postharvest processors.
How R&D Tax Credits Fit into a Bigger Ag Tax Strategy
Farmers and ranchers lean on tools like §179 expensing, bonus depreciation, and the restored research deduction under §174 to manage their tax liability. The R&D tax credit under IRC §41 sometimes gets left out of that conversation despite its natural fit alongside those provisions.
