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...
by admin | Sep 19, 2013 | Blog
On September 13, 2013, the IRS and Treasury Department released the final regulations (T.D. 9636) on repairs and maintenance providing guidance for the treatment of expenditures incurred in acquiring, producing, or improving tangible assets (commonly known as the...
by admin | Sep 12, 2013 | Blog
In a case that had been working its way through the system on R&D credit, Federal Express (Fedex) has settle their lawsuit with Department of Justice and retained most of its R&D credits per a stipulated settlement that will avoid trial. Most notably, the DOJ...
by admin | Aug 8, 2013 | Blog
In perhaps a surprising outcome, a district court has ruled that assembling gift baskets qualifies as manufacturing for purposes of the Section 199 Domestic Production Activities Deduction (or Section 199 deduction). The company produces gift baskets from purchasing...
by admin | Aug 3, 2013 | Blog
In another recent R&D tax credit case, upon motion, the U.S. District Court for the Southern District of Florida reviewed the important aspects of ‘funded R&D’ and determining which party obtains the R&D tax credit. The R&D credit is...
