R&D credit documentation
Keep R&D credit support in one place: projects and the four-part test, employee time, qualified costs, the credit estimate and a binder for your tax adviser.
Steps
- Add an R&D credit step to your close in Close, Template, then open the step and choose Open R&D credit documentation.
- Pick the tax year. On Projects, add each project and answer the four-part test questions: permitted purpose, technological in nature, elimination of uncertainty and process of experimentation.
- On Time, record each employee's share of time by project. You can import a time questionnaire workbook or a wages CSV.
- On Costs, add supplies and contract research, and tie each cost to a project.
- On Credit, enter the prior three years of qualified research expenses and your elections, then review the estimate.
- On Binder, download the documentation as PDF, Excel or CSV. Save your changes before downloading.
Questions and answers
- Is this tax advice?
- No. The tool organizes your support and estimates the credit from what you enter. Review the results with your tax adviser before you file.
- Why are my downloads watermarked?
- Downloads during the free close are trial copies. Choose a Close plan for clean PDFs and spreadsheet exports.
- Can I work on more than one year?
- Yes. Each tax year keeps its own projects, time and costs. Switch years with the year selector at the top.