Tag: tax planning strategies
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IRS Mandates Additional Requirements for R&D Tax Credit Refund Claims
SAVAGE, Minn. — In 2007, the IRS made the Research & Development (R&D) tax credit a Tier 1 issue, says ICS Tax, LLC (ICS). Tier 1 issues were those of high strategic importance that had a significant impact on one or more industries, essentially meaning that the IRS would audit taxpayers filing amended returns on…