IRS Says Internal Use Software Regs Apply in Total

The IRS issued CCA 201650012, which addresses the pre-2015 research tax credit regulations that apply to internal use software ("IUS"). This guidance addresses the question as to whether the two prior IUS regulations, which the ...
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Internal Use Software Regulations Made Final

The IRS is making its proposed regulations for internal use software ("IUS") final. The final regulations are largely the same as the proposed regulations. The proposed regulations were welcomed by the tax practitioner community as ...
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Research Tax Credit Made Permanent, Enhanced

The research and development tax credit was made permanent and enhanced as part of the Protecting Americans from Tax Hikes (PATH) Act of 2015. The research tax credit has been a temporary credit for over ...
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Research Tax Credit Extended Until 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 ...
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