Practical Guide to Research and Development Tax Incentives--Federal, State, and Foreign (2nd Edition)

CCH's Practical Guide to Research and Development Tax Incentives--Federal, State, and Foreign by Michael Rashkin, J.D., LL.M., provides something that has been missing in professional tax literature--authoritative, comprehensive coverage of this complex and evolving topic. This newly expanded resource is practical, easy to follow, easy to understand, and is particularly effective at clarifying and demystifying this complex subject. It provides well-written, detailed guidance on claiming the federal credit for increasing research activities and the deduction for R&D expenditures. In doing so, it explains the elements of qualified research, exclusions, computational rules, and basic research payment credits.

Historically, the IRS has been vigilant in denying R&D credits. This resource explains how to satisfy the IRS's requirements, document the credit, and defend against IRS challenges. It also examines research incentives offered by individual states and describes the R&D incentives available in the major economies of the world, offering helpful charts that show the key differences among the various countries.

Research and Development Tax Incentives is a valuable tool for people in many different roles who work with R&D tax incentives. It helps the reader navigate through uncertainties surrounding these incentives and provides information at all levels. It is instructive and practical; it is technical yet clear; and it examines the full R&D credit landscape--federal, state and international.