KPMG report: Navigating the shifting landscape of research credit audits
Developments in the research credit area, including recent guidance and case law
Developments in the research credit area, including recent guidance and case law
In recent years, the IRS has increased its focus on section 41 research credit claims, leading to a rise in the number of examinations. The IRS Large Business and International (LB&I) Division announced a new campaign in 2017 specifically targeting the research credit. The IRS has also been relatively successful in recent years in litigating research credit cases.
Read a January 2024 report* [PDF 3.1 MB] prepared by KPMG LLP tax professionals that focuses on developments in the research credit area, including recent guidance and case law.
*This article originally appeared in Tax Notes Federal (January 22, 2024) and is provided with permission.
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