About Alliantgroup

Fingeret, Frank and Yaker: "Cases Confirm Applicability of Estimates in Research Credit Claims" Tax Notes / Tax Analysts 8-24-09

Print  |  Email

This article by Jeremy Fingeret, Shane Frank, and Ben Yaker of alliantgroup address two recent cases involving the research tax credit, codified under section 41 as the credit for increasing research activities. These cases, United States v. McFerrin and Union Carbide Corp. et al. v. Commissioner, provide significant guidance for taxpayers in substantiating their claims for the credit. The two cases are a welcome development for businesses seeking to benefit from the incentives provided by Congress in the research tax credit. [more]