The government recently prevailed in McFerrin v. United States. The case involved a taxpayer that claimed research tax credits for his company’s work in making chemicals for sale to customers. The taxpayer hired aliantgroup to prepare a research tax credit study to capture its research costs. Read the rest of this entry »

The IRS has issued a new Research Credit Audit Techniques Guide.  The “guide” essentially provides IRS auditors with instructions on how to deny research tax credits.  As with many other audit “guides” that are authored by the IRS, this “guide” provides a very slanted and one-sided view of the law.  It looks like taxpayers are going to continue to have to deal with an aggressive IRS if they opt to claim research tax credits that they are entitled to. 

The House Ways and Means Committee passed the ”“Energy and Tax Extenders Act of 2008.”  In relevant part, the Bill proposes to extend the R&D tax credit by one year, starting on January 1, 2007.