Insights by This Professional
October 13, 2017
The federal research and development tax credit was finally made permanent in late 2015 under the Protecting Americans from Tax Hikes (PATH) Act.
December 19, 2016
The “dual function software,” “third party subset” and “third party interaction” concepts will change how you classify and document software development activities under Section 41.
October 31, 2016
Final internal use software regulations add some complexity but provide taxpayers with an opportunity to qualify additional software research. With the issuance of Treasury Decision (TD) 9786 on October 4, 2016, taxpayers at long last have the final internal use software (IUS) regulations that they have so patiently awaited since 1986.
February 9, 2016
If you haven’t heard, the latest installment of the Star Wars saga arrived in theaters in mid-December. Incredibly, it’s been almost 40 years since the original Star Wars premiered. In that first episode, Luke Skywalker and a plucky group of rebels band together to destroy the Galactic Empire’s Death Star. In the sequel, The Empire Strikes Back, the Galactic Empire, led by evil Darth Vader, pursues and captures many of the rebels and severely wounds Luke Skywalker.
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February 24, 2015
This edition of Tax Advisor Weekly focuses on how key aspects of the proposed regulations may affect how taxpayers identify and substantiate IUS-related costs as part of their future R&D credit calculations.