You didn't generate an additional $1m in revenue in years 2-5. So in a situation where you get paid a $1m contract once, and pay $1m in salaries every year, here's what happens. Year 2022: $1m revenue, -$1m expenses…
Yes. You could look at this as an indictment of the tax system, in that the plain language says what it says, but the IRS expects you to hire an account to make an "appropriate determination." No small business…
The lack of specificity in your little table should illuminate for you why this is such a complex issue to comprehend. I understand there is some fictional, meaningless interpretation hidden inside your head where that…
[flagged]
You've never filed an 1120.
> As the article suggests some are just filing incorrectly, what are the real risks and consequences of this? Provided you never used an R&D tax credit, none. But if you did, with a huge templated report report about…
> Convincing the IRS that certain salaries suddenly don't qualify as R&D could prove challenging I always felt the R&D tax credit was too good to be true. Like how could a templated, computer generated report from a…
You didn't generate an additional $1m in revenue in years 2-5. So in a situation where you get paid a $1m contract once, and pay $1m in salaries every year, here's what happens. Year 2022: $1m revenue, -$1m expenses…
Yes. You could look at this as an indictment of the tax system, in that the plain language says what it says, but the IRS expects you to hire an account to make an "appropriate determination." No small business…
The lack of specificity in your little table should illuminate for you why this is such a complex issue to comprehend. I understand there is some fictional, meaningless interpretation hidden inside your head where that…
[flagged]
You've never filed an 1120.
> As the article suggests some are just filing incorrectly, what are the real risks and consequences of this? Provided you never used an R&D tax credit, none. But if you did, with a huge templated report report about…
> Convincing the IRS that certain salaries suddenly don't qualify as R&D could prove challenging I always felt the R&D tax credit was too good to be true. Like how could a templated, computer generated report from a…