We’re happy to share with you that the R&D tax credit has friends in high places! Major Congressional support is lining up to both strengthen, extend, and to expand R&D tax credit. Recent Press Release
Some politicians in Washington, D.C. have devised a new budget-balancing trick: proposing that companies wait four years before amortizing their research and development costs over five years. And it has bipartisan support. It’s not exactly
It’s serious. Right now the integrity of the R&D tax credit is at risk. Here’s the story: Baked into the Tax Cuts and Jobs Act (TCJA) of 2017 is a revenue-raising provision that allows the
You should know about a potential revision to capitalization rules that could trigger amortization of R&D tax credits, rather than make them available for immediate expensing against tax liability. The End of Immediate Expensing? This
If your filing an amended return for R&D tax credits, time is running out. On October 15, the IRS, via IRS Memo: IR-2021-203, gave taxpayers only a three-month warning (extending to January 10, 2022) that
Published in Plastics News Plastics and injection molding companies are eligible for Research & Development (R&D) Tax Credits, but often they are unaware of it. R&D tax credits are federal and state tax incentives meant to
There’s been a disturbing change in precedent as practiced by the IRS: IRS audits of research and development (R&D) tax credit claims by service providers, such as architecture and engineering (AE) companies, have become inconsistent over the
Many architects are either unaware of the applicability of research and development (R&D) tax credits to their firms or struggle to understand how the credit applies if their projects or project activities qualify for R&D
This is the first in a series of articles about how research and development (R&D) tax credits are a tax-intelligent strategy that can be applied to a wide variety of industries. In this article, we’ll delve into
For years now, the architectural, engineering, and construction community has been receiving the research and development tax credits it deserves for fostering innovation in its creation of America’s vital infrastructure.[1] But recently the architectural, engineering,