| Regarding the Simplified R & D tax credit does this apply to S Corporations?
Absolutely! An S Corporation would be eligible for the R & D Tax Credit but it flows to its individual shareholder throught the K-1.
Each Individual shareholder would then file his or her respective tax return and claim the R & D tax credit subject to having the necessary tax liablity. If the R & D tax credit is not deductible in any of the years, it is simply carried over to the following tax year and would be offset against the future tax liability. | 
