Union Carbide & Subs. v. Comm’r, T.C. Memo 2009-50

Respondent determined deficiencies in petitioner’s Federal income tax of $20,481,520 and $140,732,254 for 1994 and 1995, respectively. In its petition, as amended, petitioner alleges that it is entitled to additional research credits under section 41 [1] of approximately $3,656,091 and $4,726,664 for 1994 and 1995, respectively (claimed credits). [2] The claimed credits are based on […]