Recent News

Earlier this year the National Bureau of Economic Research (NBER)  released, “Innovation and Top Income Inequality,” a research paper that analyzes the connection between innovation, income [...]

In April of 2015, the IRS issued its final regulations on the allocation of the R&D tax credit for taxpayers in a controlled group. The new guidelines  are an updated version of previous IRS [...]

The IRS’ most recently released data for tax year 2012 shows statistics for the R&D tax credit, forecasting a promising future and gives the top industries fueling the progression. [...]

On May 20, 2015, the House of Representatives passed bill H.R. 880 which would make the Research and Development Tax Credit permanent and increase the credit rate from 14% to 20%. U.S. businesses [...]

As the need for innovation and economic growth in America becomes more apparent, Congressional tax writers are becoming more accepting to new tax breaks for corporate innovation. These [...]

Solar energy may be the one and only answer to climate change. According to a new study from MIT, “The Future of Solar Energy,” solar has the ability to reverse the effects of climate change by [...]

On Tuesday, May 12th, Governor Chris Christie of New jersey gave a policy speech at The University of New Hampshire in Manchester in which he revealed his proposal for economic growth in America. [...]

2015 Filing dates for R&D Tax Credit and deadline submission dates for claims are fast approaching. Key R&D tax claim filing dates are as follows:

Background Norwest Corporation v. Commissioner, 110 T.C. 454 Between 1986 and 1991, Norwest Corporation and its subsidiaries developed and modified software for the internal management and [...]