Modified Treasury Regulations Allows More Taxpayers to Capture R&D Credits for Prior Years

Earlier this week, The US Department of the Treasury announced planned modifications to the Federal R&D Tax Credit (see TD 9666 here, press release from the office of Sen. Christopher Coons here) which will allow taxpayers to elect the Alternative Simplified Credit (“ASC”) method for calculating the R&D Credit on an amended tax return.  Previously, Read the full article…


Proposed 2013 Federal Budget Calls for Additions, Changes, and Enhancements to Business Incentives

The Obama Administration has released its fiscal year 2013 budget (the full “greenbook” can be viewed here).  While the likelihood of these provisions becoming law in an election year may be questionable, we’d like to highlight a couple of the additions, changes and enhancements proposed to business tax incentives: Establishment of an “In-sourcing” Tax Credit for Read the full article…