Reminders — Instruction 6765 — Instructions for Form

Section 280C election. The reduced credit election under section 280C is made at the top of the Form 6765 on Item A. Check “Yes” to elect or “No” to not elect the section 280C reduced credit on your original timely filed return, including extensions. See Item A—Section 280C Election , later.

Members of controlled group or business under com- mon control. Item B asks if you are a member of a controlled group or business under common control and requires an attachment to Form 6765 if you checked “Yes.” See Item B—Controlled Group/Common Control, later.

Section E—Other Information. If you have reported Qualified Research Expenses (QREs) on line 48, you must complete Section E. See Section E—Other Information, later.

ASC 730 Directive. If you are eligible and choose to follow this directive, check “Yes” on line 41. See the instructions for Line 41 , later.

Section F—Qualified Research Expenses Summary. In this section, indicate if you are required to complete Section G and enter your total QREs on each applicable line. See Section G—Business Component Information, later.

Naming conventions for attachments if you e-file . For lines that mention an attachment, use the naming convention described in the Specific Instructions section. For example, the naming convention for the attachment for Item A—Section 280C Election is “Form6765ItemASection280C.pdf.”

Payroll tax credit. The maximum amount of payroll tax research credit a qualified small business can apply against payroll tax liability is $500,000. See Payroll Tax Credit Election , later.

Research credit claims on amended returns. If you are claiming a refund or credit on an amended return or an administrative adjustment request (AAR) that includes a section 41 credit for increasing research activities, you must also provide specific information for your claim to be considered valid. See Research Credit Claims on Amended Returns, later.

Partners of Bipartisan Budget Act (BBA) Partnership. See Partners of BBA Partnership , later, for more information about adjustments to credits.