Get Va Form Rdc 2020

This guide provides a comprehensive and user-friendly approach to completing the VA Form RDC online. The form is essential for claiming the research and development expenses tax credit in Virginia, and the following steps will guide you through each section.

Follow the steps to successfully complete the VA Form RDC online:

1. Press the ‘Get Form’ button to acquire the form and open it in your preferred online editor.
2. Begin by entering your taxpayer information in the designated fields, including your business name, Federal Employer Identification Number (FEIN), Social Security Number (SSN), and trading as name. Make sure to include your fiscal year details, street address, city, state, ZIP code, email address, and contact name.
3. Input your NAICS code, along with your phone and fax number, followed by the NAICS description.
4. Proceed to Section 1 to compute your credit. Fill out Lines 1-7 with the Virginia qualified research and development amounts as directed. Ensure you round to the nearest whole dollar.
5. For Line 1, enter the amount paid or incurred during the calendar year for Virginia qualified research and development expenses in Column A. If applicable, detail any amounts related to a Virginia college or university in Column B.
6. Continue with calculations in Section 1, entering necessary data for Lines 2-7, including the College and University Expenses Percentage and the Virginia Base Amount.
7. If using the alternative simplified method, skip to Section 2 and complete the required calculations as per your circumstances.
8. In Section 3, provide additional information related to your credit claim, including employee details and the nature of your research activities.
9. Once all sections are filled out accurately, review your entries for completeness and correctness.
10. Finally, you can save changes, download, print, or share the completed form as needed.

Start filing your VA Form RDC online today to ensure you benefit from the available tax credits.