United States

The Tax Exchange - September 2016

R&D credit may be disqualified for prototype costs capitalized in CIP

TAX BLOG

R&D credit may be disqualified for prototype costs capitalized in CIP

Favorable rules enabling taxpayers to claim the R&D tax credit on developing prototype equipment may be sabotaged when the taxpayer does not use the proper tax accounting method for the associated research and experimentation (R&E) expenditures under section 174 of the Internal Revenue Code.

  • September 20, 2016
Is your sales force creating nexus around the country?

TAX BLOG

Is your sales force creating nexus around the country?

The physical presence nexus standard for sales and use tax purposes is alive and well despite recent criticism and calls for reform.

  • September 06, 2016