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May 10, 2018

Tax Reform Corporate AMT Repeal Saved Client $50,000 in R&D Tax Credits

Under the old tax code, our client was subject to alternative minimum tax (AMT) and could not receive a benefit of research and development (R&D) credits. Once that rule was lifted, we suggested that the client take advantage of R&D credits. We have been able to claim Federal tax credits of nearly $50,000 for the company so far in years one and two.

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