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IRS Offering Employers An Opportunity to Reclassify Workers Without Penalty

On November 17, 2011, Janine Cook, Deputy Division Counsel/Associate Chief Counsel of the IRS Tax Exempt and Government Entities Division announced that IRS anticipated issuing new Frequently Asked Questions regarding the Service’s Voluntary Classification Settlement Program (VCSP). VCSP is a new program which allows employers to reclassify workers as employees for future tax years and…

98% of alliantgroup Clients’ Applications Receive Federal Tax Credits/Grants for Investments in R&D, Business Expansion and New Employees

HOUSTON, Nov. 16, 2010 /PRNewswire/ — alliantgroup, a leading specialty tax advisor, announced today that over 98% of the Company’s clients have been selected by the United States Department of Treasury to receive federal tax credits and tax-free grants for qualified biotech investments.  On November 2, 2010, the Treasury Department announced the list of companies…

alliantgroup’s analysis on the Trinity lawsuit clarifying inclusion of prototype costs for the R&D credit

Though beloved by politicians, the accounting industry and taxpayers, the law surrounding the R&D tax credit has become a contested issue on various matters. Much of the debate between taxpayers, the accounting industry and the IRS centers around the credit’s definition of qualified research expenditures (QREs).  Specifically, there has been confusion regarding the inclusion of…

The changing interpretation of the Law on includable Supply Costs for the R&D Credit as decided in the Union Carbide, TG Missouri & Trinity lawsuits

These three cases, Union Carbide Corp. v. Comm’r, TG Missouri Corp. v. Comm’r, and Trinity Indus, Inc. v. U.S., will have a substantial impact on an issue that has rarely been discussed at length in the courts: the qualification of supply costs for the R&D credit. In the Union Carbide lawsuit, the taxpayer (UCC), a…

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Washington D.C.
Willard Office Building, Suite 300 1455 Pennsylvania Ave. Washington, D.C. 20004
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© 2021 alliantNational.- All Rights Reserved.

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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