Tax Warrior Chronicles

Tax Court OKs Most of Company’s QREs for Research Credit

Posted on Tue, Feb 17, 2015

Last year, President Obama made research & development tax credits permanent in his FY2014 budget. Businesses now have another tool to increase cash flow and spawn innovation. Like all tax credits, certain tests must be met to qualify. With Estech Systems (TC Memo 2014-201), the IRS did not believe some were met. The Tax Court took a different view and sided with the taxpayer on most of the tests. The Tax Warriors® give the rundown on this decision.

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Land Developer Can’t Use Completed Contract Method

Posted on Tue, Jun 03, 2014

The Howard Hughes Company, LLC, et al. v. Commissioner, (2014) 142 TC No. 20

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