TaxOps.com
Tax News

"R&D nexus: Who worked on what?" in Accounting Today

Field auditors examining taxpayer claims for research and development credits are pursuing a relatively new line of questioning: "What’s your nexus?"

Common in other areas of tax, the concept of nexus is a sticking point in audits for R&D credits. Nexus refers to the connection between a qualified activity (business component) and its qualifying expense. The IRS wants to see in documentation the direct connection between the qualified wages a taxpayer claims and the qualifying business component they spent it on. Often this comes down to proving “who” worked on “what.”

Read more at Accounting Today: R&D nexus: Who worked on what?

Let's Talk Tax

Jamie Overberg can be reached at joverbert@taxops.com. Follow Judy On LinkedIn.

In Other Tax News

Tax saving strategies to boo

Open your SALT toolbox: Sales and Use Tax webinars on-demand

st transaction value

 

IRS rules on 20 percent tax break

J udy Vorndran returns to CRUSH2019 with SALT knowledge to share

Join us: A night at the Forney, FRCA Destination Impact Gala, April 13

 

#R&Dcredit, #taxcredits, #taxnexus, #taxregulations, #taxaudits