# Form 8974

> Form 8974 — The form attached to each quarterly Form 941 to apply an elected research payroll credit — first against the employer's Social Security tax, up to $250,000 a quarter, then the employer's Medicare tax — carrying what the quarter cannot absorb to the next.

Source: https://lopifi.com/glossary/form-8974
Part of: Lopifi — US GAAP books on autopilot, checked by a CPA (https://lopifi.com)

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**What is form 8974?** In accounting, form 8974 means the form attached to each quarterly Form 941 to apply an elected research payroll credit — first against the employer's Social Security tax, up to $250,000 a quarter, then the employer's Medicare tax — carrying what the quarter cannot absorb to the next.

## Words this system refuses for it

- Form 6765 (where the election is made)

- **Category:** Research credit
- **Specified in:** [Lexicon](https://lopifi.com/md/docs/domain/11-lexicon)
- **Related:** form-941, credit