by admin | Oct 5, 2010 | Blog
The tax extenders have still not been acted upon by Congress as of October 2010 – extender bills are a recurring legislative issue because of their temporary nature. Each time an extender’s expiration approaches, Congress faces the choice to extend the tax...
by admin | Sep 14, 2010 | Blog
The IRS has issued a new Tier I Industry Director Directive on Domestic Production Deduction (DPD) #3 Field Directive Relating to Compensation and the Section 199 Deduction. The new IRS directive permits the allocation and apportionment of certain pre-199 (i.e.,...
by admin | Jan 29, 2010 | Blog
The latest in a series of recent research credit (R&D tax credit) cases, the Northern District of Texas issued an opinion on January 29, 2010 relating to the research credit for developing certain types of ships by Trinity Marine Group (TMG), a subsidiary of...
by admin | Jan 29, 2010 | Blog
Disclosure of Uncertain Tax Positions – New IRS Guidance Forthcoming In a speech before the New York Bar Association on January 26th, 2010, IRS Commissioner Douglas Shulman announced that for certain corporations and other business taxpayers who have assets of...
by admin | Nov 9, 2009 | Blog
The U.S. Tax Court issued a decision November 12, 2009 that found TG Missouri (“TG”), an automotive parts manufacturer, properly included in research expenses, supply expenses related to production molds produced by a third party, in possession of TG, but...
by admin | Mar 10, 2009 | Blog
The U.S. Tax Court issued a memorandum decision March 10 that found two of the five Union Carbide projects for which the company sought additional research credits under Section 41 of the Internal Revenue Code constituted qualified research. See Union Carbide v....
