Perspectives

Research & Development and Government Incentives Developments 

Proposed regulations for internal-use software

Stay abreast of recent changes in the law that impact tax incentives for research and development, domestic production activities, and other areas (hiring/employment, energy sustainability, etc.) targeted for government incentives. By staying focused on the recent developments that really matter – legislative proposals, proposed regulations, revenue rulings, revenue procedures, IRS guidance, court cases, etc., released each year, this newsletter focuses on some of the few remaining permanent tax benefits and provides analysis and insights of the recent developments that could impact your organization.

Treasury proposes new rules governing research credits for software development expenses.

On January 16, 2015, the IRS released a new set of proposed regulations defining “internal use software” and clarified the additional credit requirements that apply to such software. To learn more about these changes and to review a Deloitte summary that provides a detailed overview of the proposed regulations, download the full report. 

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