Navigating the New Landscape of R&D Tax Credits: Why Documentation is More Critical Than Ever A leaner Internal Revenue Service (IRS) might sound like good news for taxpayers, potentially signaling…
Read More
A Targeted Fix: OBBB Restores Immediate Domestic Expensing Under Section 174A The long-awaited fix to the Section 174 amortization rule has officially arrived, and with it, a crucial clarification: the…
Reinforcing the Section 41 “Process of Experimentation”: What Recent Court Cases Teach the Technical Tax Community and Why This Matters Now Recent decisions—Little Sandy Coal (7th Cir., Mar 7, 2023), Betz (Tax…
Relying Solely on AI for Research Credit Calculation and Studies Carries Risks Artificial intelligence (AI) is appealing for handling complex processes like conducting Research tax credit studies. AI can bring…
Michigan Expands R&D Tax Credit, Boosting Incentives for Innovation In March 2024, the Michigan Senate passed legislation significantly enhancing the state’s Research and Development (R&D) Tax Credit, which had previously…
IRS Expands Fast Track Settlement Pilot Programs: New Options for Taxpayers Introduction The IRS has launched three pilot programs aimed at enhancing its Alternative Dispute Resolution (ADR) processes. These initiatives…
Navigating the Future of Section 174 Expensing, Section 41 Credit, and Tax Policy Under the New Administration As we move into 2025, tax executives and corporate tax departments must brace…
IRS Releases Draft Instructions for Form 6765 – Taxpayers Face Additional Compliance Burdens On December 20, 2024, the IRS released the Draft Instructions for Form 6765, Credit for Increasing Research Activities,…