Sep 11, 2024 · Information about Form 8974, Qualified Small Business Payroll Tax Credit for Increasing Research Activities, including recent updates, related forms and instructions on how to file.

Form 8974: (Rev. December 2024) Qualified Small Business Payroll Tax Credit for Increasing Research Activities Department of the Treasury — Internal Revenue Service 951823. OMB No. 1545-0029. Employer identification number (EIN) — Name (not your trade name) The credit from Part 2, line 12 or, if applicable,

Use Form 8974 to determine the amount of the qualified small business payroll tax credit for increasing research activities that you can claim on Forms 941, 943, or 944. These filers will also have the option to file the related forms such as the corresponding non-English language forms for all forms within the related series.

Oct 5, 2022 · What Is Form 8974? Form 8974 from the IRS is used to determine the tax credit that qualified small businesses (QSBs) can claim to increase their research and development (R&D) activities.

Aug 10, 2023 · The IRS has issued an August 7, 2023 draft version of Form 8974, Qualified Small Business Payroll Tax Credit for Increasing Research Activities, with a December 2023 revision date.

Nov 12, 2023 · Form 8974 is a document used by businesses to determine the amount of the qualified small business payroll tax credit for increasing research activities that can be claimed on Forms 941, 943, or 944.

We walk through the steps to correctly fill out the IRS Form 8974 for using the R&D tax credit as Payroll Tax Credit.

Apr 5, 2024 · Form 8974 is used by the Qualified Small Business (QSB) to determine the amount of R&D payroll tax credits that they can claim for a particular quarter or tax year on their employee payroll tax return(s).

Use Form 8974 to determine the amount of the qualified small business payroll tax credit for increasing research activities that you can claim on Forms 941, 943, or 944.

Dec 18, 2024 · In this article, we’ll walk through what you need to know about IRS Form 8974, including: How to complete Form 8974 to claim the qualified small business payroll tax credit for increasing research activities; How to file IRS Form 8974; Frequently asked questions about the small business payroll tax credit