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New IRS Directive on Research Credit May Help Large Businesses

On September 11, 2017, the LB & I Division of the IRS issued a new directive that allows IRS examiners to accept a taxpayer’s determination of its qualified research expenses (QREs) to the extent that the QREs are computed in accordance with ASC 730 Financial Statement R&D. The new directive is a step in the right direction and gives taxpayers who qualify a potential partial safe harbor in calculating the research credit. However, the new directive leaves many open questions.

Avrahami: Reviewing the Situation

[vc_row bg_type=”bg_color” bg_color_value=”#f5f5f5″ css=”.vc_custom_1618938311697{margin-top: 0px !important;margin-right: 0px !important;margin-bottom: 0px !important;margin-left: 0px !important;padding-right: 1em !important;padding-left: 1em !important;}”][vc_column][vc_column_text el_class=”article-info”]by Steven Miller, former IRS Acting Commissioner and alliantgroup National Director of Tax, and… 

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Ways and Means Tax Proposal

Given the driving leadership of Ways and Means Chairman Kevin Brady (R-TX), as well as Speaker Ryan, this House tax reform proposal deserves close scrutiny for those looking for early tea leaves of what reform may look like—especially if Mr. Trump wins the White House.

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alliantgroup’s Dean Zerbe Testifies on Small Business Tax Reform

Dean Zerbe, National Managing Director of alliantgroup, recently testified before the Senate Committee on Small Business and Entrepreneurship on “Targeted Tax Reform: Solutions to Relieve Compliance Burdens for America’s Small Businesses.” Dean’s commentary begins at 10:10.

THREE TAX REFORMS TRUMP CAN PUSH TO HELP THE ‘FORGOTTEN MAN’

[vc_row bg_type=”bg_color” bg_color_value=”#f5f5f5″ css=”.vc_custom_1618938311697{margin-top: 0px !important;margin-right: 0px !important;margin-bottom: 0px !important;margin-left: 0px !important;padding-right: 1em !important;padding-left: 1em !important;}”][vc_column][vc_column_text el_class=”article-info”]by Dean Zerbe, former Senior Counsel to the U.S. Senate Finance Committee and alliantgroup… 

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Everything We Wanted is in ExtendersTax Extenders – Oh Happy Day!

Today the Senate Finance Committee (where I was Senior Counsel and Tax Counsel for over 7 years) took the first key step on tax extenders – including the R&D Tax Credit and the Energy Efficient Commercial Building Deduction (Section 179D) – by passing out a tax extenders bill with good bipartisan support.