Form FTB3523 Research Credit - California

What Is Form FTB3523?

This is a legal form that was released by the California Franchise Tax Board - a government authority operating within California. As of today, no separate filing guidelines for the form are provided by the issuing department.

FAQ

Q: What is Form FTB3523?
A: Form FTB3523 is a tax form used in California to claim the Research Credit.

Q: What is the Research Credit?
A: The Research Credit is a tax credit available to businesses in California to incentivize research and development activities.

Q: Who can use Form FTB3523?
A: Businesses in California that have engaged in qualifying research and development activities may use Form FTB3523 to claim the Research Credit.

Q: What are qualifying research and development activities?
A: Qualifying research and development activities are activities conducted to discover information that is technological in nature and aimed at developing or improving a product or process.

Q: When is Form FTB3523 due?
A: Form FTB3523 is due on the 15th day of the 4th month following the close of the taxable year.

Q: Are there any supporting documents required with Form FTB3523?
A: Yes, you will need to attach a detailed description of the research activities and expenses incurred.

Q: Can I claim the Research Credit on my federal tax return as well?
A: Yes, you can claim the Research Credit on both your California state tax return and your federal tax return.