If you work with clients who claim the federal R&D tax credit, pay attention. There are big changes for the 2026 tax year. The IRS revised the...Read More

Earlier this year, in March, the House introduced the “American Innovation and R&D Competitiveness Act of 2025,” which would immediately restore the ability to deduct all research expenditures in the year incurred, as well as a retroactive fix for tax years beginning after 12/31/2021. However, the bill currently remains with the House Ways and Means...Read More

Congress has introduced the first bill of this session that addresses the current requirement for businesses to capitalize and amortize their research or experimental (R&E) costs. The bill, titled “American Innovation and R&D Competitiveness Act of 2025”, would immediately restore the ability to deduct all research expenditures in the year incurred, as well as make...Read More

Earlier this year, the Eighth Circuit Court of Appeals upheld a lower tax court decision denying research and development credits on the basis that a taxpayer’s contracts were considered “funded.” The case in question, Meyer, Borgman & Johnson, Inc. v. Comm'r of Internal Revenue, No. 7805-16 (U.S.T.C. Nov. 19, 2020).Read More

New budget legislation, SB 167, passed by the California Legislature on June 13th and signed into law by the governor on June 27, 2024 will have significant impacts on taxpayers by suspending net operating loss (NOL) deductions and limiting the utilization of credits from 2024 through 2026.Read More

The Fourth Circuit of the United States Court of Appeals recently affirmed a decision involving Section 41 of the Internal Revenue Code, which encompasses the Research and Development (R&D) Tax Credit. Specifically, on June 24, 2024, the Fourth Circuit upheld a Tax Court decision in favor of the Internal Revenue Service (IRS).Read More

Last fall, the Internal Revenue Service (“IRS” or the “Service”) published detailed proposed changes to the Form 6765 Credit for Increasing Research Activities, also known as the R&D Tax Credit. The Service asked for comment on the form from stakeholders in advance of the formal draft release process, with the plan for these changes to...Read More

What's the trend entering 2024? For many, it will be the continuation of technological innovations and upgrades to grow their respective industries. However, which industries are benefiting? On the whole, senior living operators are continuing to spend on technology and plan to further do so this year. The large majority of respondents to this survey...Read More