If you conduct qualified
research activities, you may be eligible to claim a federal income tax credit
known as the "research and development" credit. This credit is now
permanent and may benefit you when you design, develop, and improve business
products or processes. Beginning in 2016, the research and development credit
can be applied against your alternative minimum tax liability. In some cases,
the credit may also be applied against up to $250,000 of payroll taxes.
