The $1,000,000,000 Qualifying Therapeutic Discovery Project regulations were released by the IRS today. Although the new Form 8942 to formally apply will not be released until ~ June 21 we strongly urge you to do some reading to see if you qualify and start to piece your application together now. Qualifying Companies that win can obtain TAX FREE grants (or credits) of up to $5,000,000!
If you think you qualify – you have nothing to lose by applying for the grant (or credit) other than the 12 hours and 7 minutes that the Treasury estimates it will take to fill out the application.
Ed Jameson, CPA, Managing Member
With over 40 years of experience as a government funding award accounting specialist, Ed is a recognized national expert in the field. In addition to helping hundreds of clients navigate FAR Part 31 compliance. he has been an active speaker and panel moderator at Tech Connect's National SRIR/STTR conferences since 2011. presents at the DOD's Mentor Protégé Summit and presents regularly for several state and local organizations.