Connect with us to find out how R&D Tax Credits can boost your organization’s performance.
Utah provides a Research and Development Credit which closely follows IRC § 41. The credit amount is a combination of the following calculations:
Note: You may carry forward any credit for #1 or #2 (above) that exceeds your tax liability for 14 years. You may not carry forward any credit as calculated for #3.
Learn more about Utah's R&D Tax Credit law here and here.
R&D Tax Credit Available:
Yes
Eligible Entities:
C-Corporation, S-Corporations, LLCs, Partnerships
Deadline for Tax Filing:
Due with Utah Tax Return
Data Required to Compute Credit:
Claim Period Utah Qualified R&D Expenses (QREs)
Utah Gross Receipts for Prior 4 Years
What Information is needed?
Utah QREs for Prior 3 Years
Utah Gross Receipts for Prior 4 Years
Credit Carryforward?
14 Years for comparative credit amounts (No carryback)
To get an estimate of the potential value of your unclaimed R&D Tax Credits, try out our credit calculator.
Download our R&D Tax Credit Calculator for Android to see how much you can receive from your qualified R&D tax credit expenses.
We were hoping you’d say that. The fundamental truth is that we perform better when we have efficiency and effectiveness in mind.
Minimizing your tax liability only increases your organization’s value and performance, while providing greater opportunity for every dollar.