26 C.F.R. § 1.41-1   Credit for increasing research activities.


Title 26 - Internal Revenue


Title 26: Internal Revenue
PART 1—INCOME TAXES
credits allowable under sections 30 through 45D

Browse Previous |  Browse Next

§ 1.41-1   Credit for increasing research activities.

(a) Amount of credit. The amount of a taxpayer's credit is determined under section 41(a). For taxable years beginning after June 30, 1996, and at the election of the taxpayer, the portion of the credit determined under section 41(a)(1) may be calculated using the alternative incremental credit set forth in section 41(c)(4).

(b) Introduction to regulations under section 41. (1) Sections 1.41–2 through 1.41–8 and 1.41–3A through 1.41–5A address only certain provisions of section 41. The following table identifies the provisions of section 41 that are addressed, and lists each provision with the section of the regulations in which it is covered.

 ------------------------------------------------------------------------                                               Section of the Internal         Section of the regulation                  Revenue Code------------------------------------------------------------------------§ 1.41-2.............................  41(b).§ 1.41-3.............................  41(c).§ 1.41-4.............................  41(d).§ 1.41-5.............................  41(e).§ 1.41-6.............................  41(f).§ 1.41-7.............................  41(f).                                            41(g).§ 1.41-8.............................  41(c).§ 1.41-3A............................  41(c) (taxable years                                             beginning before January 1,                                             1990).§ 1.41-4A............................  41(d) (taxable years                                             beginning before January 1,                                             1986).§ 1.41-5A............................  41(e) (taxable years                                             beginning before January 1,                                             1987).------------------------------------------------------------------------

(2) Section 1.41–3A also addresses the special rule in section 221(d)(2) of the Economic Recovery Tax Act of 1981 relating to taxable years overlapping the effective dates of section 41. Section 41 was formerly designated as sections 30 and 44F. Sections 1.41–0 through 1.41–8 and 1.41–0A through 1.41–5A refer to these sections as section 41 for conformity purposes. Whether section 41, former section 30, or former section 44F applies to a particular expenditure depends upon when the expenditure was paid or incurred.

[T.D. 8930, 65 FR 288, Jan. 3, 2001]

Browse Previous |  Browse Next






















chanrobles.com