According to a December 19, 2018 Treasury Inspector General for Tax Administration (TIGTA) report, the IRS does not currently have processes in place to identify small businesses that do not meet the eligibility requirements and dollar limitations for claiming the [...]

Wisconsin Act 59, which was passed in 2017, allows for a portion of the Wisconsin R&D tax credit to be refundable. Effective for tax years beginning on or after January 1, 2018, the refundable portion is the lesser of 10% [...]

For start-ups, tax filing season can feel like an unnecessary formality and waste of time. For ventures still generating Net Operating Losses (NOLs), taxable income seems like a far-off concern to be dealt with another day. Unfortunately, start-ups with this [...]

Final regulations were published on October 4, 2016 relating to the research credit for internal use software development. These final regulations apply a majority of the rules proposed in January of 2015. The final regulations should provide guidance to resolving [...]

The Minnesota form for the Credit for Increasing Research Activities, Schedule RD, has changed effective for the 2015 tax year. The current method of calculating the Minnesota credit has not changed. However, an entirely new section of the form, requesting [...]

The White House announced that President Obama on Friday, December 18, 2015, signed into law H.R. 2029, the “Consolidated Appropriations Act, 2016.” This legislation combines and includes the tax provisions of the “Protecting Americans from Tax Hikes Act of 2015” [...]