Archive | December, 2010

Congress Extends the R&D Tax Credit

Manufacturing and technology companies in the U.S. will continue to benefit from the Federal Research and Development (R&D) Tax Credit. The Tax Extenders Package signed by President Obama on December 17th, 2010 calls for a two year extension, retroactive to 1/1/10 and through 12/31/11.

This extension of the R&D Tax Credit, along with passage of the Small Business Jobs Act of 2010, is going to create an incredible opportunity for more individuals to benefit from the R&D Tax Credit in 2010. In particular, the Act allows for general business credits such as the R&D Tax Credit to be applied against the Alternative Minimum Tax (AMT) in 2010…