News: section 174

R&D Tax Credit – Field Attorney Advice (FAA) on Reasonable Compensation under Section 174

In a recent Field Attorney Advice (FAA) memo 20154501F, the IRS took a different approach to auditing this R&D tax credit claim. In this case, a CEO in charge of a group of companies was claimed at 60% qualified in …

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New Section 174 R&D Regulations – R&D Expenditures

The IRS recently published new proposed regulations for research & development (R&D) costs under Section 174 that amend some of the rules around what costs qualify under Section 174 for an R&D deduction.  In general, these amendments attempt to quell …

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