This version of the form is not currently in use and is provided for reference only. Download this version of IRS Form 6765 for the current year.
This is a tax form that was released by the Internal Revenue Service (IRS) - a subdivision of the U.S. Department of the Treasury on December 1, 2020. Check the official IRS-issued instructions before completing and submitting the form.
Q: What is IRS Form 6765?
A: IRS Form 6765 is a tax form used to claim the Credit for Increasing Research Activities.
Q: What is the purpose of IRS Form 6765?
A: The purpose of IRS Form 6765 is to calculate and claim the tax credit for qualifying research activities.
Q: Who can use IRS Form 6765?
A: Businesses and some individuals who incur qualified research expenses can use IRS Form 6765 to claim the tax credit.
Q: What is the Credit for Increasing Research Activities?
A: The Credit for Increasing Research Activities is a tax credit that provides an incentive for businesses to invest in research and development activities.
Q: What types of expenses qualify for the credit?
A: Expenses related to qualified research activities, such as wages, supplies, and contract research, may qualify for the credit.
Q: How is the credit calculated?
A: The credit is generally calculated as a percentage of qualified research expenses that exceed a base amount determined by the taxpayer's historical research expenses.
Q: Can individuals claim the credit?
A: Yes, individuals can claim the credit if they are engaged in qualified research activities and meet certain criteria.
Q: Are there any limitations to claiming the credit?
A: Yes, there are certain limitations on the amount of credit that can be claimed, including the taxpayer's taxable income and the taxpayer's tax liability.
Q: When is IRS Form 6765 due?
A: IRS Form 6765 is generally due on the same date as the taxpayer's federal income tax return, which is April 15th for most individuals and businesses.
Form Details:
Download a fillable version of IRS Form 6765 through the link below or browse more documents in our library of IRS Forms.