March 2020

Following the Tax Court’s ruling in Populous Holdings, Inc. v. Commissioner (12/6/19), taxpayers who conduct research and experimentation activities in connection with customer contracts should re-assess the availability and/or risks associated with claiming the R&D tax credit with respect to such activities. Many such companies have passed on some or all of the R&D tax […]

Ag, Food & Beverage Managers Be Vigilant: A Tax Court case decided in April 2019 demonstrates the need to be attentive to well-known yet manageable R&D credit risks. While managers may think they are safe because they’ve used an outside firm to help, they should be aware that not all outside firms do a minimally