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Department of Revenue Services State of Connecticut Form CT1120RC Research and Experimental Expenditures Tax Credit (Rev. 12/16) 2016 For Income Year Beginning:, 2016 and Ending:, Connecticut Tax
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01
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02
Make sure you have a clear understanding of the guidelines and regulations regarding the filling out of research and experimental expenditures.
03
Begin by providing basic information about the project or experiment, such as the title, duration, and purpose.
04
Specify the amount of money allocated for the research and experimental expenditures.
05
Break down the expenses into relevant categories, such as equipment, supplies, personnel, and other direct costs.
06
Ensure that all the expenses are reasonable and directly related to the research or experiment.
07
Provide a detailed description for each expense, explaining its purpose and how it contributes to the project.
08
Include any supporting documents or receipts for the expenses, if required.
09
Summarize the total amount spent on research and experimental expenditures.
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Double-check all the information before submitting the filled-out form.
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Submit the filled-out form as per the designated procedure or to the relevant authority.
Who needs research and experimental expenditures?
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Researchers and scientists who are conducting experiments or studies that require funding.
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Medical and healthcare professionals seeking funding for medical research and trials.
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Inventors and inventing organizations involved in developing new technologies or products through experimental processes.
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