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On January 29th, the U.S. District Court for the Northern District of Texas (Dallas) issued its ruling in Trinity Industries, Inc. v. U.S. The legal holdings in the case provide yet another victory for taxpayers claiming the R&D tax credit. In its ruling, the court held that all of the taxpayer's projects relating to the design and development of special order ships contained qualified research. In doing so, the court specifically rejected several key government arguments that the IRS frequently raises. >>more
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