Chapter 26: Expanded Tax Credits & Incentives

In this section

• R&D Credit (Qualified Expenses, Start-Up Rules)
  Explore the nuances of qualifying research under IRC Section 41, understand the techniques for identifying allowable R&D expenditures, and learn about reduced credit implications for wages already counted under other credits.
• Energy Efficiency Credits (Renewable Energy, Electric Vehicles)
  Discover key insights into U.S. federal credits for renewable energy systems and electric vehicles, including eligibility, filing procedures, basis reductions, and recapture considerations.
• Employment Credits (Work Opportunity, Employee Retention)
  Explore essential employment tax credits, including WOTC and Employee Retention, with eligibility requirements, targeted groups, COVID provisions, and practical examples for CPA candidates.
• Interplay with Deductions & Recapture Triggers
  Explore how tax credits intersect with deductible expenses and trigger partial recaptures when credit requirements are not maintained.