Why read about the R&D tax credit on the web, when you can buy the book?
Jan 1st, 2011
The 2010 Tax Relief Act extended the research tax credit, which includes the basic and energy consortium research tax credit, for two years. The research credit was extended retroactively for 2010; thus, expenses incurred for research and experimentation in 2010 qualify for the credit. Taxpayers who have already filed tax returns for tax year 2010 [...]
Aug 27th, 2010
In Technical Advice Memorandum 201034017 (Aug. 27, 2010), the parent of a consolidated group purchased the stock of a target company that was itself a parent of a consolidated group. The stock sale did not qualify as a tax-free transaction under I.R.C. §§ 355 or 368. The target company’s consolidated group was terminated because of [...]
Jul 21st, 2010
The Bayer Corp. & Subs v. United States, Civil Action Nos. 08-693, 09-351 (W.D. PA 2010), court case shows how important it is to place information and security controls on information gathered when preparing a research tax credit.
Jul 20th, 2010
// The United States v. Goertz, No. A-09-CA-179 LY (W.D. Tex. 2010) case highlights why defending R&D tax credits on audit is often frustrating for taxpayers and the government alike. The short answer, is that it comes down to documentation. The court case does not say why the taxpayer’s research tax credit claim was denied. [...]
ANDREW W. AUSTIN, District Judge. Before the Court are Plaintiff’s Expedited Motion for Leave to Exceed Depositions under Rule 30 (Clerk’s Docket No. 40); Defendants’ Motion to Compel Responses to Interrogatories (Clerk’s Docket No. 43); and Defendants’ Motion to Enter Protective Order (Clerk’s Docket No. 45). The District Court referred the above-motions to the undersigned [...]