AndreTaxCoJul 6, 20203 minCARES Act Payroll Tax Deferral / R&D Tax Credits Simultaneous Benefit ClaimsIRS draft Form 941 instructions clarify payroll tax deferral & R&D tax credit payroll offset claims made simultaneously
AndreTaxCoJun 19, 20204 minGeorgia Bill (HB1035) Passes to Reduce or Repeal Various Business Tax Incentives (e.g. R&D Credits)On Thursday, June 18, 2020, the Georgia Senate Finance Committee voted to pass HB1035 which eliminates dozens of valuable tax incentives.
AndreTaxCoJun 4, 20207 minApparel Designer Unable to Establish "Process of Experimentation" Denied $2.4M CA R&D Tax Credits California Office of Tax Appeals (OTA) Denies Apparel Designer $2.4M CA R&D Tax Credit Refund Claim
AndreTaxCoMay 4, 202025 minCOVID-19 CARES Act: The Good [forgivable loans / credits], Bad [no double benefit], & Ugly [taxes] Tax Implications: Coronavirus Aid, Relief, and Economic Security Act (CARES Act), Public Law 116-136, 134 Stat. 281, 286-93 (March 27, 2020)