Funded R&D – Rights – Tangel Case R&D Tax Credits

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 the R&D tax...
Settling R&D Tax Credit Base Period Issues with IRS – Audio Technica Case 2020

R&D Credit – New IRS Safe Harbor for R&D Costs

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...
Settling R&D Tax Credit Base Period Issues with IRS – Audio Technica Case 2020

R&D Tax Credit – Payroll Tax Offset – IRS Notice 2017-23

In December 2015, Congress passed the PATH Act of 2015, which enabled small, start-up businesses to use the R&D Tax Credit to offset the employer portion of payroll taxes, up to $250,000. To qualify as a small, start-up, the Taxpayer must have less than $5,000,000...

Find out if you qualify for valuable
Tax Credits for?