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R&D Tax Credits Can Provide a Valuable Tax Benefit

U.S. tax law provides a valuable benefit — in the form of a nonrefundable tax credit — for businesses that engage in qualified research and development activities (see a list below). The Sec. 41 credit, which amounts to as much as 20% of the excess of qualified research expenditures for the tax year over [...]

R&D Tax Credits Can Provide a Valuable Tax Benefit2020-11-25T15:58:48+00:00

Rolling Over 2020 Retirement Plan Required Minimum Distributions

Generally, taxpayers must begin taking a required minimum distribution (RMD) from a defined-contribution retirement plan, including a 401(k) or 403(b) plan, or an IRA when they reach age 72 (70 1/2 if they reached 70 ½ before January 1, 2020). The RMD for any year is the account balance as of the end of [...]

Rolling Over 2020 Retirement Plan Required Minimum Distributions2020-07-20T14:37:20+00:00
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