With a rumored solution for 174 amortizations, the R&D tax credit could put cash back into businesses’ pockets before the next deadline. ERC is coming to an end, but the new tax bill may cut off claims earlier than expected. What does this mean for eligible businesses?
Hear from former Sr. Counsel to the U.S. Senate Finance Committee Dean Zerbe as he breaks down the latest from Capitol Hill.
IRS spending on artificial intelligence rose by over 700% in the last half-decade as it hones the use of machine learning to identify tax cheats and improve taxpayer communication, according to Bloomberg Government contracting data.
The Internal Revenue Service announced today continued progress on Employee Retention Credit claims, with processing underway on about 400,000 claims, representing about $10 billion of eligible claims.
In the past two decades, a multitude of providers have popped up in the R&D Credit space. These “pop-ups” try to cover up shortcuts and inexperience with AI and slick marketing, putting taxpayers at risk and casting shade on the complex incentives industry as a whole.