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California Bill Introduced to Prevent Retroactive Assessment by Franchise Tax Board of Small Business Incentives Struck Down by Cutler

A bill introduced in the California State Assembly by Bob Wieckowski, AB 901, would remedy the recent controversy over the State’s former qualified small business stock incentives program. The program permitted a deferral of income and credits for investments in startups, but favored California-owned startups over out of state businesses. A California Appellate Court, in…

Much Ado About UCC II: Analyzing the Recent Dow Case

John Dies is a director, Jeremy Fingeret is a senior managing director, and Scott Weese is an associate in the Tax Controversy Services Department of alliantgroup LLP. Contrary to early concerns, the recent Second Circuit opinion in Union Carbide Corp. (UCC II) merely reinforces the status quo allowing taxpayers to claim any supply cost for…

alliantgroup Tax Controversy Services: IRS reopens PTIN program

On February 1st, 2013, the District Court for the District of Columbia modified its holding in Loving v. Internal Revenue Service to state that the IRS can continue to enforce the Preparer Tax Identification Numbers (PTINs) system. Loving imposed a permanent injunction upon the IRS against enforcing the PTIN system, including competency testing and education…

H.R. 119 Bill Introduced to Make R&D Tax Credit Permanent

Congressman Rush D. Holt (D. NJ) introduced a bill, H.R. 119, today to permanently extend the § 41 Credit for Increasing Research Activities, commonly known as the R&D tax credit. The R&D tax credit incentivizes capital investment in innovation across the American economy, including the manufacturing software development industries, and all disciplines of engineering. Most…

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aNlogo-footer3@2x

Washington D.C.
Willard Office Building, Suite 300 1455 Pennsylvania Ave.
Washington, D.C. 20004
202.888.7006

© 2021 alliantNational. - All Rights Reserved.

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