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Must the work be performed in the US to qualify as an R&D tax credit? Thank you
by codecamper 9y ago
Must the work be performed in the US to qualify as an R&D tax credit? Thank you
- gamblor956 9y agoYes. Limited to US-based activities. The primary purpose of the R&D tax credit is to incentivize the performance of R&D activities in the US instead of off-shoring it to cheaper jurisdictions.
- codecamper 9y agoThat makes sense. So it really doesn't make much sense to outsource offshore during the seed stage of a start up. Can R&D credits be applied to future year earnings? Is there a time limit for retroactively claiming these? Thank you!