Tech Co.'s Suit May Create Hurdles For Research Tax Credits
By Dennis St. Martin and Kevin Benton ( July 20, 2022, 6:46 PM EDT) -- A taxpayer is challenging key aspects of the research credit regulations under both the Administrative Procedure Act and under the Chevron standard as part of a U.S. Tax Court case involving $2.4 million in credits claimed from 2011 to 2013. If successful, the case — Perficient Inc. v. Commissioner — could undermine the substantial rights standard in the regulations.[1]...
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