Try it
Add the skill to a bot, then ask your Chief of Staff:
“Use the Finance - R&D Credit + §174 Capitalization skill on this: [describe the job, or paste your notes].”
A bootstrapped software company spending $500K/year on developer wages historically deducted that immediately. Under post-2021 §174, only 1/5 (with half-year convention, ~10% in year 1) is deductible - taxable income jumps materially even with no operational change. Pair with §41 credit when possible to soften the cash impact.
What it covers
- Required inputs
- Section 174 capitalization mandate - read FIRST
- §41 R&D Tax Credit - Four-Part Test (IRC §41(d))
- Qualified Research Expenses (QRE) categories
- Credit calculation methods
- Form 6765 walkthrough
- Documentation requirements (Treas. Reg. §1.41-4(d))
- State R&D credits