by admin | Feb 17, 2012 | Blog
The Senate Finance Committee is currently weighing whether to include any expired business tax credits in with the payroll tax, including the R&D tax credit. However a vote appears likely on the payroll tax cut on Friday with no inclusion of the R&D credit in...
by admin | Feb 8, 2012 | Blog
In a ruling dated February 6, 2012, the District Court for the Western District of Pennsylvania has denied Bayer’s Amended Motion for a Case Management/Protective Order Based on Statistical Sampling in its R&D credit case. Bayer is one of the largest...
by admin | Feb 3, 2012 | Blog
In a new Field Directive issued February 1, 2012, the IRS has provided examiners guidance on reviewing facts to determine which party to a transaction has the benefits and burdens of ownership in order to claim the Section 199 Domestic Production Manufacturing...
by admin | Dec 2, 2011 | Blog
If an activity is “Funded” the taxpayer does not have financial risk and cannot claim the research credit for the project’s costs. However, if the payment is contingent upon successful completion of the work, then the taxpayer/contractor is at risk and the...
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...
