by admin | Nov 13, 2011 | Blog
In an October 20, 2011 letter, the IRS has redesignated the research credit for purposes of Appeals settlements. Appeals cases involving the research credit still require informing the technical guidance coordinator for research credit and updating on progress of...
by admin | Nov 13, 2011 | Blog
For taxpayers with qualified R&D expenses in North Dakota, the State offers an excellent R&D credit that can be double the Federal benefit in many cases. The North Dakota R&D credit (known as the North Dakota research expense credit) is a tiered credit...
by admin | Sep 21, 2011 | Blog
On April 1, 2010, Minnesota Governor Tim Pawlenty signed legislation expanding the research credit for qualified R&D activities in Minnesota. For tax years beginning after December 31, 2009, the Minnesota research tax credit provides the following benefits: The...
by admin | Aug 12, 2011 | Blog
In an interesting turn of events, our blog entry below on limiting the California R&D credit to companies that can show sales of tangible personal property (Legal Division Guidance 2011-06-01), the Franchise Tax Board has withdrawn this guidance. This means...
by admin | Aug 12, 2011 | Blog
The Office of Tax Policy, Department of Treasury issued a very informative summary this year outlining the President’s approach to the research credit. In the attached document, the letter reviews proposals from President Obama’s administration on making...
by admin | Jun 19, 2011 | Blog
The California R&D tax credit differs from the Federal R&D credit in a notable way – for California purposes, sales of property are included in the gross receipts calculation, but services income, rent, lease income, interest and other non-property...
