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Tag: Form 1120S
Texas R&D Franchise-Tax Credit vs Federal R&D: Double Benefit?
Startups and tech firms in Texas can claim two separate R&D tax credits , one from the IRS and one from the Texas Comptroller. But can you claim both? What’s the difference, and how do you avoid missing thousands in refunds or offset credits in 2025? Let’s break it down. What is the Federal R&D […]
S-Corp vs LLC in Texas
Choosing between an LLC and an S-Corporation in Texas? While both can limit liability and offer pass-through taxation, they differ greatly in how the Texas Franchise Tax (margin tax) and federal payroll taxes apply. Here’s how to decide what’s best for your business in 2025. LLC vs S-Corp: Federal Classification At the federal level: A […]