What Does Section 174’s New Amortization Rule Mean for R&D Credits?
Future changes to the way companies can take deductions from research and development expenses may
Category: R&D Tax Credit
TAX ALERT: IRS may extend the transition period for compliance regarding research credit refund claims
IRS Update *** The IRS is extending for another year (through January 10, 2024) the transition period during which taxpayers are provided 45 days to perfect a research credit claim for refund prior to IRS’s final determination on the claim. A recent comment by an IRS official indicating that the agency may extend the … Read more
New York State Offers a Life Sciences Research and Development Tax Credit
You may know that life sciences are eligible for federal research and development (R&D) tax
Rep. Jackie Walorski Introduces Legislation to Double R&D Tax Credits and Their Benefits
U.S. Rep. Jackie Walorski (R-Ind.), a senior member of the House Ways and Means Committee,
Possibilities Story: Sleepless in Salt Lake City
As the owner of an engineering firm in Salt Lake City, Utah, I’ve been concerned
How Engineered Tax Services Saved an R&D Tax Credit Client $1.5 Million In One Year!
In its 20 years of existence, Engineered Tax Services has processed thousands of R&D tax
R&D Tax Credits for Startups 2022
R&D tax credits can be ideal for startups—particularly those of a technical nature, such as
Don’t Use an Automated Online Platform to Submit R&D Tax Credits to the IRS
Does Bill Gates use TurboTax? We don’t think so. While automated online platform tax return
Why the Machining Industry Should Sharpen Its Knowledge of R&D Tax Credits
If you’re a CPA firm with clients in the machining industry, I have a solution
Senators Young and Hassan Lead Bipartisan Push to Expand R&D Tax Credit
We’re happy to share with you that the R&D tax credit has friends in high