Practice Unit Provides Guidance on Revised Research Credit Directive

Practice Unit Provides Guidance on Revised Research Credit Directive

Internal Revenue Service

The IRS has issued a practice unit that provides guidance on a revised directive from the IRS Large Business & International Division on the allowance of the research tax credit for taxpayers that expense research and development costs on their Adjusted Accounting Standards Codification 730 Financial Statement R&D.

The IRS has issued a practice unit that provides guidance on a revised directive from the IRS Large Business &amp; International Division on the allowance of the research tax credit for taxpayers that expense research and development costs on their Adjusted Accounting Standards Codification 730 Financial Statement R&amp;D.

The IRS has issued a practice unit that provides guidance on a <a href="/lr/resolve//2cyr3">revised directive</a> from the IRS Large Business &amp; International Division on the allowance of the research tax credit for taxpayers that expense research and development costs on their Adjusted Accounting Standards Codification 730 Financial Statement R&amp;D.