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What is the best way to record R&D credit refund expected to through the end of 2018?

I work for start-up company and we have been approved of a significant amount of R&D credit for the employer payroll portion of social security that will be refund quarterly by IRS through end of 2018. what is the best way to record this in our books to show this credit? thank you!


Topic Expert
Wayne Spivak
Title: President & CFO
LinkedIn Profile
(President & CFO, |

Accrued Payroll Tax Refund - since you should know the approx credit per month
either Other Income or Payroll Tax Credit Revenue

When you get paid, make the appropriate adjustments.


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