On April 1, 2022, The House of Representatives passed legislation to decriminalize marijuana at the federal level. Known as the Marijuana Opportunity Reinvestment and Expungement Act, it passed mainly along party lines at 220-204, with three Republicans voting in favor. It appears unlikely that the legislation will pass the Senate as currently constituted, as it would require 60 votes.

It’s no secret that the IRS is tightening its tax-compliance belt, promising an increase in the number of corporate tax audits, more transfer pricing scrutiny—and now according to the IRS’s Chief Counsel Memo released on October 15—new guidance regarding R&D tax credit refund claims. Why? The IRS wants to make screening refund claims for validity easier for the agency to handle, and a new level of documentation is a good place to start.

Where should start-up companies look for R&D incentives? Everywhere.

There’s never been a better time to launch an innovative company.

The Sleeping Giant is waking up to innovation—and doing all it can to encourage more.

The UK moves to improve its R&D tax incentive regime. What does that mean for taxpayers?

Beginning in 2022, you need to deduct R&D expenses over the course of five years instead of taking the full benefit each year. That means smaller deductions and bigger tax liabilities, but help may be on the way.

Why didn’t this shipbuilder qualify for the R&D Tax Credit? 

Canada and the United States offer major tax incentives for research and development. See how you can take advantage.

Learn about the two methods of calculation for the R&D tax credit, and how the selection impacts a company’s benefits.