US R&D Tax Incentives for Automakers and Suppliers
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GlobalAutoIndustry.com’s latest audio interview https://globalautoindustry.com/u-s-rd-tax-incentives-for-auto-oems-and-supplier-manufacturers/ features Todd Sutherland, Director of Research Tax Credit Practice for UHY U.S. Mr. Sutherland has over 20 years of accounting experience across a wide industry spectrum. He specializes in helping clients claim research and development tax credits, and defending research and development tax credit claims under IRS examination.
In the 10-minute audio interview, Mr. Sutherland discusses these questions:
- What is the U.S. Research Tax Credit?
- What is the biggest misconception related to the Research Tax Credit?
- Are their particular opportunities with the Research Tax Credit in the automotive industry?
- What is required for a Research tax credit study? Does a company have to keep certain records or go back and recreate records or time reporting?
- Are there any IRS audit concerns with claiming a Research Tax Credit? Is this an annual benefit and what if a business can’t use the credits this year?
