September 2017
While the Federal Credit for Increasing Research Activities (R&D tax credit) can provide great benefit to companies engaged in the development of software or other innovative technology, its applicability within the mortgage industry has historically been limited. Mortgage companies do engage in software development or enhancement activities that are at the heart of this tax credit, but these expenses don’t often qualify for this credit because there isn’t sufficient customization to software or development of truly proprietary software systems.
To learn more about the R&D tax credit and what activities and expenses qualify, read our latest white paper:
R&D Tax Credits and Their Application in the Mortgage Industry
Should you have any questions, or for more information, contact one of our firm’s tax experts here.
