Research Credit
Answer:
Taxpayers are allowed a credit for certain research expenses paid or incurred in a trade or business. Generally, the research credit is allowed for increasing research activities.
The credit had expired for amounts paid or incurred after December 31, 2011. ATRA, 301, provides that this provision now expires for amounts paid or incurred after December 31, 2013.
The credit had expired for amounts paid or incurred after December 31, 2011. ATRA, 301, provides that this provision now expires for amounts paid or incurred after December 31, 2013.
