News: contract
Funded R&D – Rights – Tangel Case R&D Tax Credits
In a recent Tax Court case, Tangel v. Commissioner, T.C. Memo. 2021-1 (Jan 2021), the Tax Court concluded that the taxpayer who claimed the R&D tax credit did not retain substantial rights and thus the R&D work was ‘funded’ and …
Tagged commissioner, contract, funded, funded R&D, funded research, IRS, R&D Tax Credit, research credit, Tangel, tax court
Populous Contracts are Not Funded R&D for R&D Tax Credit
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 …
Tagged case, contract, contract research, credit, funded, Populous, R&D, R&D credit, R&D Tax Credit, research
