The R&D tax credit: Exploring your opportunities
Taxpayers had good reason to welcome Congress’s support for the US based research efforts as they analyzed the significance of the new alternative simplified credit (ASC).
Unfortunately, after Congress took such significant steps to promote new research activities, the IRS in April 2007 designated the R&D credit as an LMSB Tier 1 issue of high strategic importance to the IRS, and released a draft report that addresses the important concept of substantiation as it relates to claiming the credit.
In this podcast, PricewaterhouseCoopers partners Jim Shanahan, a national issue specialist on the R&E credit, and Kendall Fox, leader of the national research tax credit consulting practice tackle concerns raised by the IRS regarding substantiation requirements for claiming the credit, and explore the planning opportunities and benefits associated with electing the new alternative simplified credit.
You require Flash player to listen to this Podcast.
*connectedthinking
Download 