Section 1245 and 1250: Understanding Depreciation Recapture fo...
Navigating the complexities of tax law in real estate can be challenging, even for experienced in...
The IRS has updated the additional information required for amended research credit claims. Effective as of June 18, 2024, the IRS is waiving the requirement that taxpayers provide the following two items of information with their refund claim involving the Research Credit: the names of the individuals who performed each research activity and the information each individual sought to discover. Taxpayers are, however, still required to provide the following information at the time the refund claim involving the Research Credit is filed with the IRS:
Additionally, while the IRS is waiving the requirement of providing the above-stated two items of information at the time a refund claim involving the Research Credit is filed with the IRS, this information may be requested if a refund claim involving the Research Credit is selected for examination.
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