From The Desk Of Dean Zerbe
November 15, 2016
by Dean Zerbe, former Senior Counsel to the U.S. Senate Finance Committee and alliantgroup National Managing Director
The future is a foreign country, they will do things differently there. (apologies to Hartley)
The assumptions of the path forward for our country were shattered with the election results – and certainly no more so than in the area of tax policy. Instead of a long grind primarily focused about taxes and the wealthy, the nation will now focus on potentially sweeping tax reform and a lowering of tax burdens. Look for the administration/Congress to be very “go go” on tax reform with an eye toward having the changes in law in place basically by late Spring/early Summer – similar to the big George W. Bush tax cut that was signed into law in June of 2001.
The question is – between the rhetoric of the campaign and the reality of governing […]
Final Regulations for Internal-Use Software Light on Changes, Remain Taxpayer-Friendly
Dean Zerbe, alliantgroup’s National Managing Director and the former Senior Counsel to the U.S. Senate Finance Committee, was quoted in Tax Notes regarding the release of internal-use software final regulations for the R&D Tax Credit on October 3. In Andrew Velarde’s article “Internal-Use Software Final Regs Light on Changes,” Zerbe offers his thoughts on the final regulations, which contain very few modifications from the taxpayer-friendly IUS proposed regs of January 2015.
Last year’s proposed regulations were significant to taxpayers in that they both clarified and narrowed the definition of IUS, which has a higher standard to qualify for the R&D Tax Credit than does traditional software development. By narrowing the definition of IUS to software that is […]