by Bruce Warner | 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...
by Bruce Warner | Jun 18, 2011 | Blog
The IRS last week published new final regulations relating to the Alternative Simplified Credit or ASC under Section 41(c)(5) which has been around since 2006. This calculation avoids having to go back to the 1980s base years and instead uses a rolling prior 3 year...
by Bruce Warner | 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 Bruce Warner | 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 Bruce Warner | 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...
