Research & Development and Government Incentives Developments

Analysis

Research & Development and Government Incentives

Recent developments 

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.

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Recent editions appear below; for older issues, please email a request to ustaxnews@deloitte.com.

Insights into the Proposed and Temporary Section 199 Regulation Amendments

On August 26th, 2015 the Internal Revenue Service (IRS) released proposed regulations under Section 199.  The proposed regulations are intended to provide taxpayers guidance on a number of key technical issues related to the domestic production activities deduction.

In addition, on August 26th, 2015, the IRS also released temporary regulations under Section 199 (TD 9731) that specifically address the allocation of W-2 wages in a short tax year or a tax year in which the taxpayer acquires, or disposes of, a major portion of a trade or business.

These sets of regulations may affect a substantial number of taxpayers that currently claim a domestic production activities deduction under section 199.

Released: September 28, 2015

Archive

Explore our previous releases.

  • March 10, 2015: Final Regulations: Alternative Simplified Credit Elections on Amended Returns
  • February 3, 2015: Treasury Proposes New Rules Governing Research Credits for Software Development Expenses
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