U.S. R&D Tax Incentives for Auto OEMs and Supplier Manufacturers

Category: GAI
Published: 2021-03-11
U.S. R&D Tax Incentives for Auto OEMs and Supplier Manufacturers

GlobalAutoIndustry.com’s latest Audio Interview “U.S. R&D 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?
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