Category Archives: R&D

Pennsylvania R&D Tax Credit,R&D Tax Credits, Pennsylvania

Approaching Due Date for Pennsylvania R&D Tax Credit Application

On September 15, 2017, Pennsylvania’s Research and Development Tax Credit application is due for companies qualifying for the Federal and State Research and Development Tax Credit. Pennsylvania requires that taxpayers have qualified Pennsylvania Research and Development expenses in the current year and at least one preceding year, 2015. The goal of the R&D Tax Credit

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IRS, Internal Revenue Service, R&D Tax

The Service Issues New Administrative Authority Governing R&D Tax Credit Claims for Start-Up Companies

On Thursday, March 30th the Department of the Treasury (hereinafter the “Treasury Department”) and Internal Revenue Service (hereinafter the “Service”) issued interim administrative guidance in the form of IRS Notice 2017-23 clarifying how eligible start-up companies (i.e., those companies with less than $ 5 million in gross receipts and earning revenue for less than 5

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Tax Connections, R&D Tax Credit

A Practical Guide to Perfecting Your Tax Research Techniques and Achieving Sustainable Tax Return Filing Positions

In order to optimize your CPA Firm’s overall efficiency, effectiveness, and productivity in connection to researching and resolving a tax issue and determining the sustainability of a tax return filing position per Circular 230, the appropriate tax research processes must be meticulously designed, implemented, and executed. The subsequent five practical steps will guide you in

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The AICPA Requests Administrative Guidance by the Department of Treasury Governing the Enhanced R&D Tax Credit Program

The American Institute of Certified Public Accountants (“AICPA”) has requested of the Department of Treasury and the Internal Revenue Service (“Service”) to issue some form of immediate administrative authority governing the enhanced R&D Tax Credit Program (“RTCP”) in connection to qualifying Small Businesses and qualifying Start-Up Companies to accurately calculate the R&D Tax Credit from

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IRS, Governing TPR Compliance, Internal Revenue Service,Audit Techniques Guide

Attention Internal Use Software R&D Tax Credit Claim Filers- Final Treasury Regulations Issued

On October 3rd of 2016, the Internal Revenue Service (hereinafter “the Service”) issued Final Treasury Regulations setting forth guidance on research and development efforts in connection to Internal Use Software (hereinafter “IUS”) for purposes of claiming the Research & Development Tax Credit (hereinafter “RTC”) under I.R.C. § 41. The newly issued Final Treasury Regulations are

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