R&D Tax Credit News
Final Research Credit Regulations Issued for Internal Use Software
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 [...]
Minnesota Updates Form for 2015
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 [...]
Hull & Knarr Welcomes Industry Veteran Amy Moon CPA, MBT
Amy Moon has joined Hull & Knarr as Executive Director. With over 20 years combined experience at Ernst & Young and Larson Allen where she focused on research credit incentives, Amy brings an expertise that includes leading R&D studies and [...]
Permanent Extension of Research Credit: President Signs Year-End Tax Legislation
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” [...]
Congress Pushing for Permanency of the R&D Tax Credit
Read the latest from Washington here.
Hull & Knarr Teams Up with Indy Lights Driver Scott Anderson for 2015
Check out the press release here.
Delaware Boosts Small Business
Delaware will soon allow businesses with less than $20 million in average revenue over the prior 4 tax years to claim a state research tax credit equal to 100% of the Federal R&E tax credit. Currently all companies are allowed [...]
Massachusetts Enacts Alternative R&E Credit Calculation
Massachusetts Gov. Deval Patrick has signed legislation that both simplifies and increases the R&E credit over the next decade. The change provides for a calculation methodology similar to the Federal Alternative Simplified method. This method will be available for calendar [...]
Alternative Simplified Method Now An Option for Amended Returns
On June 2nd the IRS issued temporary regulations (T.D. 9666) allowing for the election of the Alternative Simplified calculation method on an amended return. The temporary regulations were also simultaneously issued as the final proposed regulations. Now taxpayers will not [...]
Hawaii Steps Up Offering with Refundable Research Credit
Looking to attract and keep more innovative companies, Hawaii goes refundable for qualifying research activities. Read the legislation here.
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