The Research and Development (R&D) Tax Credit is a permanent federal tax incentive intended to stimulate innovation, technical design and manufacturing within the U.S. Many taxpayers associate these valuable tax
Change to Accounting Methods to Comply with the New Tangible Property Regulations The IRS recently issued two revenue procedures that primarily compile the rules for requesting consent to change accounting
On Friday, January 16, 2015, the Department of Treasury released proposed regulations for the R&D Tax Credit regarding the inclusion of computer software developed primarily for internal use. The proposed regulations define internal
Software development companies can take advantage of the Research & Development Tax Credit in ways that extend beyond just traditional programming departments. The software being developed also does not have
The RTC was introduced to motivate business entity taxpayers to incur qualifying research and development expenditures with the high expectations that such an advantageous tax incentive would facilitate in stimulating job growth and investment in the United States and prevent further jobs from going overseas.