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Federal Credit for Increasing Research Activities
Extracted from PDF file 2023-federal-form-6765.pdf, last modified December 2023Credit for Increasing Research Activities
6765 Form (Rev. December 2023) Department of the Treasury Internal Revenue Service Credit for Increasing Research Activities OMB No. 1545-0619 Attach to your tax return. Go to www.irs.gov/Form6765 for instructions and the latest information. Attachment Sequence No. 676 Identifying number Name(s) shown on return Section A—Regular Credit. Skip this section and go to Section B if you are electing or previously elected (and are not revoking) the alternative simplified credit. 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 1 Certain amounts paid or incurred to energy consortia (see instructions) . . . . . . . . . . Basic research payments to qualified organizations (see instructions) . . . 2 Qualified organization base period amount . . . . . . . . . . . . 3 Subtract line 3 from line 2. If zero or less, enter -0- . . . . . . . . . . . . . . . . . 4 Wages for qualified services (do not include wages used in figuring the work opportunity credit) . . . . . . . . . . . . . . . . . . . . 5 Cost of supplies . . . . . . . . . . . . . . . . . . . . 6 Rental or lease costs of computers (see instructions) . . . . . . . . 7 Enter the applicable percentage of contract research expenses. See instructions 8 Total qualified research expenses. Add lines 5 through 8 . . . . . . . 9 Enter fixed-base percentage, but not more than 16% (0.16) (see instructions) 10 % Enter average annual gross receipts. See instructions . . . . . . . . 11 Multiply line 11 by the percentage on line 10 . . . . . . . . . . . 12 Subtract line 12 from line 9. If zero or less, enter -0- . . . . . . . . . 13 Multiply line 9 by 50% (0.50) . . . . . . . . . . . . . . . . 14 Enter the smaller of line 13 or line 14 . . . . . . . . . . . . . . . . . . . . . 15 Add lines 1, 4, and 15 . . . . . . . . . . . . . . . . . . . . . . . . . . . 16 Are you electing the reduced credit under section 280C? Yes No If “Yes,” multiply line 16 by 15.8% (0.158). If “No,” multiply line 16 by 20% (0.20) and see the instructions for the statement that must be attached. Members of controlled groups or businesses under common control, see instructions for the statement that must be attached . . . . . . . 17 Section B—Alternative Simplified Credit. Skip this section if you are completing Section A. 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 Certain amounts paid or incurred to energy consortia (see the line 1 instructions) . . . . . . . Basic research payments to qualified organizations (see the line 2 instructions) 19 Qualified organization base period amount (see the line 3 instructions) . . . 20 Subtract line 20 from line 19. If zero or less, enter -0- . . . . . . . . . . . . . . . . Add lines 18 and 21 . . . . . . . . . . . . . . . . . . . . . . . . . . . Multiply line 22 by 20% (0.20) . . . . . . . . . . . . . . . . . . . . . . . . Wages for qualified services (do not include wages used in figuring the work opportunity credit) . . . . . . . . . . . . . . . . . . . . 24 Cost of supplies . . . . . . . . . . . . . . . . . . . . 25 Rental or lease costs of computers (see the line 7 instructions) . . . . . 26 Enter the applicable percentage of contract research expenses. See the line 8 instructions . . . . . . . . . . . . . . . . . . . . . . 27 Total qualified research expenses. Add lines 24 through 27 . . . . . . 28 Enter your total qualified research expenses for the prior 3 tax years. If you had no qualified research expenses in any one of those years, skip lines 30 and 31 29 Divide line 29 by 6.0 . . . . . . . . . . . . . . . . . . . 30 Subtract line 30 from line 28. If zero or less, enter -0- . . . . . . . . 31 Multiply line 31 by 14% (0.14). If you skipped lines 30 and 31, multiply line 28 by 6% (0.06) . . . . Add lines 23 and 32 . . . . . . . . . . . . . . . . . . . . . . . . . . . Yes No Are you electing the reduced credit under section 280C? If “Yes,” multiply line 33 by 79% (0.79). If “No,” enter the amount from line 33 and see the line 17 instructions for the statement that must be attached. Members of controlled groups or businesses under common control, see instructions for the statement that must be attached . . . . . . . For Paperwork Reduction Act Notice, see separate instructions. Cat. No. 13700H 18 21 22 23 32 33 34 Form 6765 (Rev. 12-2023) Page 2 Form 6765 (Rev. 12-2023) Section C—Current Year Credit 35 36 37 38 39 40 Enter the portion of the credit from Form 8932, line 2, that is attributable to wages that were also used to figure the credit on line 17 or line 34 (whichever applies) . . . . . . . . . . . . . Subtract line 35 from line 17 or line 34 (whichever applies). If zero or less, enter -0- . . . . . . Credit for increasing research activities from partnerships, S corporations, estates, and trusts . . . Add lines 36 and 37 . . . . . . . . . . . . . . . . . . . . . . . . . . . • Estates and trusts, go to line 39. • Partnerships and S corporations not electing the payroll tax credit, stop here and report this amount on Schedule K. • Partnerships and S corporations electing the payroll tax credit, complete Section D and report on Schedule K the amount on this line reduced by the amount on line 44. • Eligible small businesses, stop here and report the credit on Form 3800, Part III, line 4i. See instructions for the definition of eligible small business. • Filers other than eligible small businesses, stop here and report the credit on Form 3800, Part III, line 1c. Note: Qualified small business filers, other than partnerships and S corporations, electing the payroll tax credit must complete Form 3800 before completing Section D. Amount allocated to beneficiaries of the estate or trust (see instructions) . . . . . . . . . . Estates and trusts, subtract line 39 from line 38. For eligible small businesses, report the credit on Form 3800, Part III, line 4i. See instructions. For filers other than eligible small businesses, report the credit on Form 3800, Part III, line 1c . . . . . . . . . . . . . . . . . . . . . . 35 36 37 38 39 40 Section D—Qualified Small Business Payroll Tax Election and Payroll Tax Credit. Skip this section if the payroll tax election does not apply. See instructions. 41 Check this box if you are a qualified small business electing the payroll tax credit. See instructions 42 Enter the portion of line 36 elected as a payroll tax credit (do not enter more than $500,000). See instructions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 42 43 General business credit carryforward from the current year (see instructions). Partnerships and S corporations, skip this line and go to line 44 . . . . . . . . . . . . . . . . . . . 43 44 Partnerships and S corporations, enter the smaller of line 36 or line 42. All others, enter the smallest of line 36, line 42, or line 43. Enter here and on the applicable line of Form 8974, Part 1, column (e). Members of controlled groups or businesses under common control, see instructions for the statement that must be attached . . . . . . . . . . . . . . . . . . . . . . . . . . . 44 Form 6765 (Rev. 12-2023)
Form 6765 (Rev. December 2023)
More about the Federal Form 6765 Corporate Income Tax Tax Credit TY 2023
We last updated the Credit for Increasing Research Activities in January 2024, so this is the latest version of Form 6765, fully updated for tax year 2023. You can download or print current or past-year PDFs of Form 6765 directly from TaxFormFinder. You can print other Federal tax forms here.
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Form Sources:
The Internal Revenue Service usually releases income tax forms for the current tax year between October and January, although changes to some forms can come even later. We last updated Federal Form 6765 from the Internal Revenue Service in January 2024.
Form 6765 is a Federal Corporate Income Tax form. States often have dozens of even hundreds of various tax credits, which, unlike deductions, provide a dollar-for-dollar reduction of tax liability. Some common tax credits apply to many taxpayers, while others only apply to extremely specific situations. In most cases, you will have to provide evidence to show that you are eligible for the tax credit, and calculate the amount of the credit to which you are entitled.
About the Corporate Income Tax
The IRS and most states require corporations to file an income tax return, with the exact filing requirements depending on the type of company.
Sole proprietorships or disregarded entities like LLCs are filed on Schedule C (or the state equivalent) of the owner's personal income tax return, flow-through entities like S Corporations or Partnerships are generally required to file an informational return equivilent to the IRS Form 1120S or Form 1065, and full corporations must file the equivalent of federal Form 1120 (and, unlike flow-through corporations, are often subject to a corporate tax liability).
Additional forms are available for a wide variety of specific entities and transactions including fiduciaries, nonprofits, and companies involved in other specific types of business.
Historical Past-Year Versions of Federal Form 6765
We have a total of twelve past-year versions of Form 6765 in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:
2023 Form 6765
Form 6765 (Rev. December 2023)
2022 Form 6765
Form 6765 (Rev. December 2020)
2021 Form 6765
Form 6765 (Rev. December 2020)
2020 Form 6765
Form 6765 (Rev. December 2020)
2019 Form 6765
Form 6765 (Rev. December 2019)
2018 Form 6765
(Rev. March 2018) Form 6765
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