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Old 07-04-2008, 10:39 AM
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IRS position on elections of simplified R & D credit made on amended tax return?

The IRS has stated that elections of simplified R & D credit made on amended tax return will not be accepted. The IRS wants all the elections of the "simplified R & D credit to be made on the original tax return."

This election of a "simplified R & D credit" generally benefits corporations that will consistently increase their Research and Development expenditures from year to year.

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