MLR

Tagged: R&D

Many taxpayers mistakenly believe that they have to be scientists inventing something completely new or developing cutting-edge technology to qualify for the research and development tax credit.

Or they think they have to be doing “research” as we commonly understand that word.

These do qualify, but there are many other activities that also qualify.

IN THIS ISSUE:

  • Estate and Gift Planning Update
  • IRS Launches Sharing Economy Tax Center
  • IRS Releases Temporary Regulations on Early Election into New Partnership Audit Regime
  • IRS Releases New R&D Tax Credit Forms
  • Crowdfunding Revenues Generally Includible in Income
  • IRS Warns of Back-to-School Scams – Encourages Students, Parents, Schools to Stay Alert