R&D Tax Credit News
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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