Form Rdc - Application For Research And Development Expenses Tax Credit - 2016 Page 6
Download a blank fillable Form Rdc - Application For Research And Development Expenses Tax Credit - 2016 in PDF format just by clicking the "DOWNLOAD PDF" button.
Open the file in any PDF-viewing software. Adobe Reader or any alternative for Windows or MacOS are required to access and complete fillable content.
Complete Form Rdc - Application For Research And Development Expenses Tax Credit - 2016 with your personal data - all interactive fields are highlighted in places where you should type, access drop-down lists or select multiple-choice options.
Some fillable PDF-files have the option of saving the completed form that contains your own data for later use or sending it out straight away.
ADVERTISEMENT
1
2
3
4
5
6
7
8
9Research and Development Worksheet for Determining the
Form RDC
Tax Year
Adjusted Research and Development Expenses
Schedule C
_________
(Alternative Simplified Method)
Use this schedule when computing the credit using the Alternative Simplified Credit Calculation.
Name as it Appears on Form RDC
FEIN
SSN
Section 1 - Virginia Qualified Research and Development Expenses
Fiscal year filers: Include expenditures for Calendar Year 2016 (CY), regardless of fiscal year (FY) incurred.
1a. Virginia Qualified Research and Development Expenses in CY 2016.
Line 1a - Column A
Line 1a - Column B
In Column A, enter total qualified research and development expenses from
Schedule A, Section 1, Column C. In Column B, enter the total qualified
college and university related research expenses from Schedule A, Section
1, Column D (if any). For FY filers, this will include a portion of 2 taxable years.
.00
.00
1b. Short year filers only: Enter the number of days included in the short year.
.00
1c. Short year filers only: Divide the number of days in Line 1b by 365 (366 if a leap year).
.00
Section 2 - Determination of How to Compute the Credit
Were research and development expenses paid or incurred for the 3 taxable years immediately
2.
preceding the taxable year for which the credit is being claimed? If “Yes,” complete Sections 3 and 4
Yes
No
below. If no, stop here and enter the amount(s) on Line 1a above on Form RDC Section 2, Line 1.
Section 3 - Average Qualified Research and Development Expenses Calculation
The Average Qualified Research and Development Expenses for the 3 taxable years ending before the CY 2016.
Expenses for the 3rd preceding taxable year (CY filers, enter expenses for Taxable Year 2013.
3a.
FY filers, enter expenses for Taxable Year 2012).
.00
Expenses for the 2nd preceding taxable year (CY filers, enter expenses for Taxable Year 2014.
3b.
FY filers, enter expenses for Taxable Year 2013).
.00
Expenses for the preceding taxable year (CY filers, enter expenses for Taxable Year 2015.
3c.
FY filers, enter expenses for Taxable Year 2014).
.00
3d. Total expenses from preceding 3 taxable years. Add Lines 3a - 3c.
.00
Average qualified research and development expenses for the preceding 3 taxable years.
3e.
Divide amount on Line 3d by 3. If the credit year is a short taxable year, multiply the average qualified research
and development expenses for the preceding 3 taxable years by the amount determined in Line 1c.
.00
Column A.
Column B.
Section 4 - Adjusted Expenses Calculation
All Qualified Research
College and University
For filers with Virginia qualified research and development expenses for the
and Development
Related Research and
preceding 3 taxable years
Amounts
Development Amounts
Enter the current year expenses. Column A must include the amount
4a.
reported in Column B, if any.
.00
.00
If expenses were incurred in connection with a Virginia college or university,
4b.
divide the amount on Line 4a, Column B by the amount on Line 4a, Column A.
%
Column A - Enter the amount from Line 3e.
Column B - If expenses were incurred in connection with a Virginia college or
4c.
university, multiply the amount on Line 4c, Column A by the percentage on
Line 4b, Column B.
.00
.00
4d. Multiply the amount(s) on Line 4c by 50% (0.5).
.00
.00
Subtract Line 4d from Line 4a. Enter here and on Form RDC, Section 2,
4e.
Line 1 in the applicable column(s).
.00
.00
Va. Dept. of Taxation 1600043 Rev. 11/16
Page 6
ADVERTISEMENT
0 votes
Related Articles
Related forms
Related Categories
Parent category: Financial