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Manufacturers Beware of Key R&D Tax Credit Changes

With a seemingly endless list of qualifying activities, including scale-up process techniques, along with compatibility and stability testing, manufacturing is consistently one of the top industries claiming the Research and Development Tax Credit (R&D Credit).

New R&D Credit Refund Requirements Create Hurdles

The IRS has added a new layer of complexity for those who intend to claim a research credit refund. Eric Hylton, director of compliance at alliantgroup, discusses how taxpayers are now having to provide more information to the agency to substantiate their refund qualification.

Employee Retention Credit — Still The One (The Latest Update)

The Employee Retention Credit (ERC) has proven to be one of the most effective tax policies in helping small and medium businesses and tax-exempt entities weather the economic impact of the pandemic. The ERC provides employers up to $7,000 per employee per quarter in refundable tax relief for the first three quarters of 2021 (and a reduced benefit for 2020).

Recap with alliant: Jan 2022

Only us tax geeks get excited that tax season is officially marked open as the Internal Revenue Service starts accepting tax returns! And while this time of year comes with its own set of challenges, the big story for 2022 is that the IRS will face more problems processing refunds

IRS Having Difficulty Processing Power Of Attorney Forms

The tax season that’s due to open when the Internal Revenue Service begins accepting tax returns next Monday is promising to bring a host of challenges. Tax professionals are largely ready to forge ahead to help their clients get through it, but now they may have trouble getting power of attorney forms processed.