The IRS designated the research tax credit a Tier1 issue. Tier 1 issues are those that the IRS deems to have high strategic importance to the IRS. This designation allows the IRS to commit audit resources to the issue selected. Taxpayers can expect hightened audit and scruitiny of research tax credits following this designation. More information can be found on the IRS website.
Why read about the R&D tax credit on the web, when you can buy the book?
