The tax credit is immediately applied to your tax liability on your corporate tax return. This means that your benefit is calculated into your final tax due. As long as you filed your return timely, you will not have to wait for the IRS to issue a refund. If you did make an amended claim, that claim can take anywhere between six (3) months to nine (9) months to be processed.
Articles in this section
- My start-up is not profitable, do I still qualify for the R&D credit?
- How is the credit computed?
- How much money can I get back from the IRS?
- What happens if I can't utilize all my R&D tax credits?
- What type of deliverable will I receive?
- I don't have any employees, can I still claim the credit?
- Why hasn't my CPA told me about the R&D credit?
- How soon can I get my money after I claim the credit?
- What happens if I get audited?
- I took the Employee Retention Credit (ERC) does that matter?
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