Credits

Interplay between Sec. 174 and Sec. 41 for software development activities

Taxpayers should note the interplay between tax accounting methods and tax credit eligibility when choosing to adopt or change their method specific to software development activities.

Now and Later: GAAP vs. Tax Treatment of the Reinstated R&D Credit

The late reinstatement of the R&D credit has a key effect on the U.S. GAAP treatment of the credit on businesses’ 2012 financial statements.

FIN 48 and R&D Tax Credits

Editor: Terence E. Kelly, CPA Under Financial Accounting Standards Board Interpretation No. (FIN) 48, Accounting for Uncertainty in Income Taxes, claims for research and development (R&D) credits are tax positions that companies following GAAP must evaluate to determine whether (and the extent to which) they may be recorded as a

Newsletter Articles

Tax Clinic

Credits

Interplay between Sec. 174 and Sec. 41 for software development activities

Now and Later: GAAP vs. Tax Treatment of the Reinstated R&D Credit

FIN 48 and R&D Tax Credits

Another look at C corp. vs. S corp. in light of tax reform

Interest recharacterization rules for ‘self-charged interest’

Inventory accounting for cannabis businesses: Sec. 280E and the impact of tax reform

States’ workarounds to the state and local tax deduction limitation

Withholding requirement on sale of partnership interest by foreign partners under the TCJA