by admin | May 5, 2013 | Blog
For 2012 the ability to claim a portion of the $9 million available to be allocated to qualifying companies has expired. Florida requires companies apply for the $9 million pool of R&D credits on March 20 at 8:00 AM ET of each year that the credit is available. ...
by admin | Apr 28, 2013 | Blog
Most calendar year companies that have extended their Georgia income tax return already know whether or not they are able to use the Georgia R&D credit to offset 50% of the entity’s taxable income. If the company knows that they cannot use the Georgia R&D...
by admin | Apr 12, 2013 | Blog
Under the President’s New 2014 budget, the budget calls for making the R&D tax credit permanent so as to allow companies to plan R&D expenditures and associated credit with more certainty; moreover, the plan calls for increasing the alternative...
by admin | Apr 3, 2013 | Blog
On March 18th, 2013, the Supreme Court declined to review a Second Circuit decision, affirming the Tax Court decision, finding that the taxpayer was entitled to a R&D tax credit for only additional supplies that were used to perform research. The Union Carbide...
by admin | Apr 3, 2013 | Blog
The IRS released a Chief Counsel Advice (CCA) memo on 3/29/13 on whether a publisher of books can claim a Section 199 domestic production deduction for its activities of producing books. However, the IRS segregated the activities into all activities up to the printing...
by admin | Feb 26, 2013 | Blog
On March 28, 2011 Virginia Governor Robert McDonnell signed into law a new Research & Development (R&D) tax credit for companies conducting research in Virginia. The R&D credit is effective for tax years on or after January 1, 2011 and before January 1,...
