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Worksheets[CS/Support] R&D Tax Credits
Total questions: 10
Worksheet time: 3mins
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
