IRS Issues Chief Counsel Advice on Section 199 Deduction

IRS Issues Chief Counsel Advice on Section 199 Deduction

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...
IRS Issues Chief Counsel Advice on Section 199 Deduction

New Florida R&D Tax Credit Enacted

Florida enacted a Research and Development (R&D) tax credit for tax years beginning on or after January 1, 2012 for qualified business enterprises with qualified research expenses in the state of Florida.  The Florida R&D credit is generally 10% of the...
IRS Issues Chief Counsel Advice on Section 199 Deduction

Georgia R&D Credit Update

Many Georgia companies have previously not been able to take advantage of the Georgia R&D tax credit either because they were in net operating losses or maximized the ability to use other Georgia tax credits.   The Georgia R&D credit is the last credit that...
IRS Issues Chief Counsel Advice on Section 199 Deduction

Warner Robinson’s Newest Team Member – Ken Schuckers

Warner Robinson is very pleased to announce the arrival of Kenneth Schuckers, CPA to the WR team as our new Managing Director. Ken brings over 22 years of corporate tax experience and has spent the last 13 years primarily focused on R&D tax credits and other...
IRS Issues Chief Counsel Advice on Section 199 Deduction

R&D Tax Credit Extension Passed – 2012 and 2013

On Tuesday, Congress passed a two year R&D tax credit extension, retroactive for 2012 and through December 31, 2013 as part of the fiscal cliff deal. The R&D credit had little substantive changes, for example, no increase in the alternative simplified credit...