R&D credit additional documentation

[Fat Poutine]

I saw that there are additional documentation requirements for R&D tax credit claim. Does it apply to original return or amended return only? If it applies to original return. Where in proconnect would I be able to include the documentation?

Here are the additional documentation requirements:

For a research credit refund claim to be valid, a taxpayer must, at a minimum, follow these three steps:

1. Identify all business components to which its research credit claim relates for that year.
2. For each business component, identify all research activities performed, all individuals who performed each research activity and all the information each individual sought to discover.
3. Provide the total qualified employee wage expenses, total qualified supply expenses and total qualified contract research expenses for the claim year (for example, using Form 6765, “Credit for Increasing Research Activities”).

[sjrcpa]

What year return are you preparing or amending?

[Fat Poutine]

2022 original return. 

[sjrcpa]

The documentation is required.

Attach as a pdf?

[sjrcpa]

Are you capitalizing and amortizing the expenses?

Have you attached the statement in lieu of 3115?

[Fat Poutine]

Will do those, thanks for the reminder

[Fat Poutine]

Would you also recommend upload the pdf of the statement in lieu of 3115? Or is there another/better way to do it?

[danandtaxes · Accepted solution]

it only applies to amended returns.

See CCM 20214101F 

[sjrcpa]

I stand corrected. I thought it applied to both amended returns and original returns filed after the date of the memorandum.