[CS/Support] R&D Tax Credits

What does R&D stand for?

• Refine and Define

• Research and Development

• Reinforce and Diagnose

• Reese's and Dunkaroos

If a customer wants to apply R&D Tax Credits to payroll taxes, what is the best practice?

• They can reach out to any CPA or accountant.

• Reach out to Justworks and we will create a ticket.

• They should apply in the Justworks app.

• They must use our preferred partners to apply.

What must a customer do prior to completing the in-app process?

• They must file their income tax with the IRS.

• Reach out to Justworks.

• Connect with a preferred partner.

• Reach out to the IRS.

Which form does a customer need to upload to Justworks to apply for R&D tax credits?

• Form 8974

• Form 941-X

• Form W-2

• Form 6765

Justworks can help a company calculate their R&D Tax Credits

• True

• False

When will Justworks include a customer on our Form 941 filing?

• The same quarter they file their income tax return.

• The quarter after they file their income tax return.

• The year after they file their income tax return.

• As soon as we receive their form, we will file for the company.

What happens if a customer has claimed credits with their previous payroll provider?

• They must provide us with their most recent Form 8974 and Form 6765 in Justworks.

• They must contact the IRS.

• They need to work with their previous payroll provider for their credits.

• They will lose any credits they did not already receive.

What is the process of claiming credits if the customer gives us their forms late?

• They must contact the IRS for approval.

• There is no deadline.

• We will include it on our amended Form 941-X for the correct quarter(s).

• If they miss the deadline, they can no longer claim their credits.

If a customer filed their income tax with the IRS in Q4, when do we need their forms to include them in timely filing?

• Q1

• Q2

• Q3

• Q4

If we file a company's R&D Tax credits in Q1, when will they receive their credits?

• Q1

• Q2

• Q3

• Q4