Overlooking the R&D credit is like leaving money on the table
Abstract: The American Taxpayer Relief Act of 2012 (ATRA) extended the research tax credit — commonly known as the research and development or “R&D” credit — through Dec. 31, 2013. Contractors who have invested time and money in developing new construction techniques, improving business processes or innovating in other ways may find that such expenditures are eligible for the credit. This article describes what the credit provides and the requirements for qualifying. A sidebar mentions other tax breaks extended by ATRA.