News & Technical Information
To discuss how we can help your company, please contact us at (805) 426-9669.
You can also email us at info@acenaconsulting.com
© 2009-2010 Acena Consulting, LLC
Acena Consulting
Links & News
Forms, instructions and other important federal tax information
US Securities Exchange Commission
Public company information & publications
Financial Accounting Standards Board
Expenditures for prototypes sold to customers can now be included in qualified research expenditures. Recently, the US Tax Court helped clarify the definition of supply costs that can be included in the definition of qualified research expenses under IRC Section 41. See our technical paper on the impact of TG Missouri v. Commissioner here.
TG Missouri Opens Door to Prototype Expenses Sold to Customers
When qualified R&D exists, courts are open to using estimates to determined qualified research expenditures. In Trinity Industries, Inc. v. US, the court allowed testimony and high-level financial information to estimate the expenditures related to qualified research projects. See our technical summary on the impact of Trinity Industries v. US here.
Business components and use of estimated defined in Trinity Industries, Inc. v. US.
Trinity Industries Helps define the Business Component test for Research Credits