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New Regulations Clear the Path for Securing Internal Use Software Research Credits

New Regulations Clear the Path for Securing Internal Use Software Research Credits

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March 2017

Research tax credits apply to many things, but generally, internal use software (IUS) is not on that list. Defined as software that is either developed or enhanced by the taxpayer for the benefit of the taxpayer in general and administrative functions, IUS primarily facilitates or supports the conduct of the taxpayer’s trade or business.

In the past, developers that qualified were in the business of developing software; as a result, software was their main product sold, leased, licensed or marketed to third parties.

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