Questions about the R&D Credit?
Questions about IRS requirements?
TD 8930 – Effective Dates
In general, the regulations are applicable for expenditures paid or incurred on or after January 3, 2001. However, the regulations addressing the base amount are applicable for taxable years beginning on or after January 3, 2001. The regulations addressing internal-use software are applicable for taxable years beginning after December 31, 1985. However, §1.41¬4(c)(6)(ii)(C)(4), §1.41-4(c)(6)(iv)(A) and (B), §1.41¬4(c)(6)(v), the second and third sentences of §1.41-4(c)(6)(vii), and §1.41-4(c)(6)(viii) Example 2 are applicable for expenditures paid or incurred on or after January 3, 2001. The special documentation requirements of §1.41-4(d) are applicable with respect to research projects that begin on or after March 4, 2001. The regulations providing for the election and revocation of the alternative incremental credit are applicable for taxable years ending on or after January 3, 2001. No inference should be drawn from the applicability date concerning the application of section 41 to expenditures paid or incurred or the computation of the base amount before the applicability date.
