by Bruce Warner | Sep 22, 2020 | Blog
In a recent Appellate decision in Audio Technica v. U.S.[1], the Appellate court overturned a district court decision on defining the fixed base percentage for the taxpayer Audio Technica and its R&D tax credit claim. Audio Technica claimed the R&D tax credit...
by Bruce Warner | Jan 26, 2020 | Blog
In a December 2019 motion, the taxpayer Populous Holdings, an architectural design firm, won the motion allowing them to claim the R&D tax credit on its contracts with clients. Populous claimed the R&D tax credit for architectural work it does for clients and...
by Bruce Warner | Oct 2, 2017 | Blog
On September 11, 2017, the commissioner of the Large Business & International (LB&I) Division of the IRS issued new guidance for taxpayers using ASC 730 to expense research and development costs on their financial statements. This directive...
by Bruce Warner | Dec 7, 2016 | Blog
The new Path Act which was passed in Congress December 2015 kicks in effective for tax year 2016. One significant new provision is that start up companies can use up to $250,000 in R&D credits against their 2017 quarterly payoll tax liabilities. Do you Qualify?...
by Bruce Warner | Oct 4, 2016 | Blog
The IRS has issued final regulations largely adopting provisions in the January 2015 proposed regs on internal use software. These final R&D regulations on internal use software are effective prospectively for tax years ending after October 4, 2016. The new final...
