New Taxpayer Relief – 2020 Tax Deadline Extensions

New Taxpayer Relief – 2020 Tax Deadline Extensions

The Internal Revenue Service has announced that they are delaying the April 15th filing deadline to May 17th for all individual 2020 tax returns. In a statement, IRS Commissioner Chuck Rettig indicated the decision was made in recognition of the fact that most of the...
Funded R&D – Rights – Tangel Case R&D Tax Credits

Funded R&D – Rights – Tangel Case R&D Tax Credits

In a recent Tax Court case, Tangel v. Commissioner, T.C. Memo. 2021-1 (Jan 2021), the Tax Court concluded that the taxpayer who claimed the R&D tax credit did not retain substantial rights and thus the R&D work was ‘funded’ and the R&D tax...

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