Glossary

R&D Glossary

• 280C Election
• Alternative Simplified Credit ("ASC")
• Contemporaneous Documentation
• Contract Research
• Direct Supervision
• Direct Support
• Fixed-Base Percentage
• Four-Part Test
• Funded Research
• Gross Receipts
• High-Threshold of Innovation Test
• Internal-Use Software ("IUS")
• Patent
• QRA
• QRE
• Regular Research Credit ("RRC")
• Wages
• Supplies

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