About Amy Moon

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So far Amy Moon has created 13 blog entries.
20 03, 2020

Breaking News – Tax Day Moved to July 15

By |2020-03-20T21:17:03+00:00March 20th, 2020|

Per a tweet on the morning of March 20, 2020, the Treasurer secretary announced that the April 15th filing deadline would be extended 90 days to July 15. Steven Mnuchin’s tweet said “At President Donald Trump’s direction, we are [...]

3 03, 2020

Higher Cash Returns for Start-ups in New House Research Credit Bill

By |2020-03-03T15:58:54+00:00March 3rd, 2020|

In December, the House of Representatives introduced a bill to boost the research credit for new and small businesses. The bill, Research and Development Tax Credit Expansion Act of 2019, would potentially impact taxpayers who are eligible to offset [...]

31 01, 2020

Wisconsin Issues Proposed Guidance on Refundable Research Credit

By |2020-01-31T18:31:20+00:00January 31st, 2020|

A favorable change in the Wisconsin research credit was passed for tax years beginning on or after January 1, 2018.  The law change allows a portion of the credit to qualify as refundable. This helps Wisconsin companies benefit from [...]

11 12, 2019

Illinois Extends R&D Tax Credit and Creates New Apprenticeship Credit

By |2021-02-09T01:38:10+00:00December 11th, 2019|

In August, Illinois Governor J.B. Pritzker signed SB 1591 extending the Illinois R&D tax credit for an additional 5 years, through 2026. The current R&D tax credit was due to expire at the end of 2021. Since the credit [...]

24 10, 2019

New House Bill Would Undo Unfavorable 2017 Change to R&D Expensing

By |2021-02-09T01:56:09+00:00October 24th, 2019|

A new House bill (H.R. 4549) introduced on September 29, 2019 is proposed to undo some major changes to how R&D expenses are treated. The new bill would enable companies to continue expensing R&D expenditures in the period during [...]

3 10, 2019

Senate’s New Research Credit Bill Could Help Start-ups Recover Higher Cash Returns

By |2020-02-26T20:07:38+00:00October 3rd, 2019|

In late July, the Senate proposed a bipartisan bill to boost the research credit for new and small businesses. The bill, Research and Development Tax Credit Expansion Act of 2019, would potentially impact taxpayers who are eligible to offset their [...]

12 09, 2019

Don’t Panic! 7 Tips to Avoid an Audit Battle

By |2021-01-18T18:16:00+00:00September 12th, 2019|

No one enjoys being audited. But with the Research and Experimentation Tax Credit being named one of 2019’s Dirty Dozen again, IRS audits for the R&E Credit are not an unusual occurrence. While it’s easy to feel like getting [...]

19 06, 2019

Michigan Introduces Bill To Update RTC For Automotive Industry Starting 2020

By |2021-01-18T18:13:16+00:00June 19th, 2019|

On June 13, 2019, Michigan introduced Senate Bill 378 that would create a refundable research tax credit (RTC) for specific Automotive Industry taxpayers for tax years beginning after December 31, 2019.  The current research tax credit equals 1.9% of [...]