President Bush signed HR 1424 into law to extend the research tax credit. Since first enacted in 1981, the research tax credit has never been made a permanent part of our tax law. This most recent extension is valid for …
R&D tax credit news, current events, and other important imformation about the research tax credit.
Impact of Mergers & Dispositions on R&D Tax Credits
The Social Science Research Network (SSRN) website has posted an article by a tax attorney that explains how business mergers and dispositions impact research tax credits. The paper provides an excellent overview of this complex and important area of law. …
IRS Releases New Research Tax Credit Audit Guide
The IRS released a new audit techniques guide for the research tax credit. This new audit guide explains how IRS revenue agents are to conduct audits of research tax credits. This audit guide supplements the prior audit techniques guide released …
Research Tax Credit Designated Tier 1 Issue
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. …
Coordinated Issue Paper for Utility Expenses
The IRS released a new coordinated issue paper. Coordinated issue papers explain how IRS auditors, not IRS appeals officers or attorneys, will treat a particular situation. The issue paper addresses the situation where, with respect to a research tax credit, …