ENR: Research and Development Tax Credits Are Not Just For Big Players

The Internal Revenue Service (“IRS”) announced on December 21, 2023 its Voluntary Disclosure Program (“VDP”) for the Employee Retention Credit (“ERC”)

The IRS has formed a unit that aims to make it easier to quickly resolve tax disputes without litigation, an effort that will include more outreach on avenues available to taxpayers.

Congress is taking its time on reversing delayed tax deductions for innovation.