The research tax credit is popular with politicians and taxpayers. It has not been as well received by the Internal Revenue Service (IRS). The research tax credit continues to generate quite a bit of controversy between the government and taxpayers. Much of this controversy stems from the...

Our tax laws include a number of provisions that attempt to prevent taxpayers from buying and selling business tax attributes. Notwithstanding these provisions, taxpayers may still buy and sell businesses with the aim of increasing their own research and development tax credits. This presents...