by Bruce Warner | Oct 3, 2025 | Blog
If your business takes advantage of the Research and Development (R&D) Tax Credit you’ll want to pay close attention to the latest announcement from the IRS. The agency is making important adjustments to its reporting requirements—specifically regarding Form...
by Bruce Warner | Sep 5, 2025 | Blog
On August 28, 2025, IRS issued Rev. Proc. 2025-28 relating to the R&D tax credit and R&D expenses under Section 174. Under this new procedure, if you qualify as an Eligible Small Business (gross receipts average of less than $31 million for the period...
by Bruce Warner | Jul 7, 2025 | Blog
On July 4th, 2025 the President signed into law the One Big Beautiful Bill (OBBB) Act which has many positive aspects for the R&D credit and R&D expensing; notably, the key changes are: The OBBB Act brings significant changes to how businesses can handle...
by Bruce Warner | Jul 7, 2025 | Blog
Congress reached essentially a compromise last week when the One Big Beautiful Bill Act passed and was signed into law. The prior amendment barred any ERC claims filed after January 31, 2024 but the bill which passed last week and became law would still allow ERC...
by Bruce Warner | Mar 24, 2025 | Blog
Last week, the IRS has provided crucial guidance on how to properly handle ERC refunds and disallowances, especially for closed tax years, simplifying the process for affected taxpayers who claimed the ERC but were waiting for their refund prior to making adjustments...
by Bruce Warner | Mar 12, 2025 | Blog
The IRS has significantly revised Form 6765, used for claiming the Research and Development (R&D) tax credit / research credit , introducing new requirements that will impact businesses seeking this valuable benefit. While aimed at enhancing reporting clarity, the...
