The R&D tax credit is claimed on a timely filed tax return, including extensions. The R&D tax credit can also be claimed on amended tax returns. The rules for amended returns are generally the previous 3 tax years. The credit is reported on IRS Form 6765, Credit for Increasing Research Activities, for the year in which the qualified expenses were paid or incurred. For Sub-S Corporations, LLCs and other types of business entities, the credit is passed-thru to the shareholders on their individual Schedule K1.

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