IRS Finalizes “R&D Alternative Simplified Credit Rules”


Even the name “alternative simplified credit rules”sounds simple, doesn’t it?  In an attempt to simplify one of the most difficult tax provisions, the Research & Development tax credit, regulations were recently issued spelling out the “alternative simplified credit rules”.

On Friday, the IRS finalized rules governing the election and calculation of the new credit.  Detail can be found in this article from the AICPA’s Journal of Accountancy.

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