The federal tax credit for increasing research activities (research credit) provides a permanent tax benefit for many kinds of businesses. For many companies the credit can be a substantial tax savings. However, subsection (g) of the tax code (IRC 41) brings a significant limitation to owners of sole proprietorships and flow-through entities, like LLCs taxed…

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This one’s for my tax professional colleagues… Ever wondered how to best represent your clients under IRS audit? I’ve had the opportunity to work with former IRS agents as well as pick up a few things as a tax adviser. Here are a few tips on what you should know about the interview with an IRS auditor.…

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