by admin | Feb 10, 2014 | Blog
In the underlying TC Memo case Shami v. Commissioner, an R&D tax credit case, the Tax Court found that there was not sufficient evidence to show that two higher level managers were engaged in research activities for which the R&D credit was claimed based on...
by admin | Dec 17, 2013 | Blog
The Internal Revenue Service (IRS) and Department of Treasury (Treasury) have proposed new regulations regarding the calculations of gross receipts in relation to intra-group transactions between members of a controlled group claiming the research and development...
by admin | Nov 4, 2013 | Blog
The IRS recently published new proposed regulations for research & development (R&D) costs under Section 174 that amend some of the rules around what costs qualify under Section 174 for an R&D deduction. In general, these amendments attempt to quell...
by admin | Oct 30, 2013 | Blog
In a new Section 199 Domestic Production Activities Deduction case, the Tax Court has ruled that a third party contract printer is entitled to the Section 199 deduction and not the publisher. ADVO, Inc. v. Commissioner, 141 T.C. 9 (2013). ADVO is a direct mail...
by admin | Oct 22, 2013 | Blog
The Technology Development Tax Credit in North Carolina has been renamed the Research & Development (R&D) tax credit as of mid-2013 but the same rules apply and this credit is now extended through 2015. Taxpayers may claim eligible R&D expenses for the...
by admin | Sep 24, 2013 | Blog
Wisconsin R&D Tax Credits The Wisconsin Research Tax Credits (R&D tax credits) provide an incentive to increase qualified research activities and facilities within the state of Wisconsin. The R&D credits are nonrefundable and can be used to offset...
