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New IRS Guidance for R&E Deductions Changes Section 174 and Form 3115 Rules

New IRS Guidance for R&E Deductions Changes Section 174 and Form 3115 Rules

by Dana Borys | Sep 28, 2026 | blog, Corporate Tax Services, Life Sciences Tax, Tax Credits, Technology Tax

The restoration of the federal current deduction for domestic research and experimental expenditures (R&E) addressed a major tax issue for technology, life sciences and other research-intensive companies. It did not eliminate the accounting-method work required to...
AI Development and the R&D Tax Credit: What Businesses Should Know

AI Development and the R&D Tax Credit: What Businesses Should Know

by Cory Carroll | Sep 18, 2026 | blog, Corporate Tax Services, Life Sciences Tax, Tax Credits, Technology Tax

Businesses are investing in artificial intelligence to improve products, automate internal processes, analyze data, support customers, and build new software capabilities. Some of that work may qualify for the federal research credit under Section 41. The credit is...
IRS Launches Digitally Authenticated Tax Compliance Report: What You Should Know

IRS Launches Digitally Authenticated Tax Compliance Report: What You Should Know

by Sara Raby | Sep 9, 2026 | blog, Cannabis Tax, Corporate Tax Services, Life Sciences Tax, Tax Credits, Technology Tax

Taxpayers who need to prove their federal tax compliance now have a faster way to obtain and share that information. On August 20, 2026, the IRS announced a new digitally authenticated Tax Compliance Report available through the IRS Individual Online Account. The...
California FTB Overcollections: When an Old Refund May Still Be Recoverable

California FTB Overcollections: When an Old Refund May Still Be Recoverable

by Sara Raby | Sep 1, 2026 | blog, Cannabis Tax, Corporate Tax Services, Life Sciences Tax, Tax Credits, Technology Tax

Discovering that California collected too much tax is frustrating enough. Discovering the error years later, after the normal refund deadline has expired, can make the situation appear unrecoverable. A new Franchise Tax Board ruling provides an important exception in...
Made Money on a Prediction Market? California Says It Is Still Taxable Even Without a 1099

Made Money on a Prediction Market? California Says It Is Still Taxable Even Without a 1099

by Sara Raby | Aug 27, 2026 | blog, Corporate Tax Services, Life Sciences Tax, Tax Credits, Technology Tax

Prediction markets have moved quickly from a niche trading activity into the mainstream. These markets are exchange-based platforms where individuals buy and sell contracts tied to the outcome of a future event—such as election results, inflation reports, Federal...
Do Not Wait Until Tax Season to Build Your 2026 R&D Tax Credit Documentation

Do Not Wait Until Tax Season to Build Your 2026 R&D Tax Credit Documentation

by Dana Borys | Aug 26, 2026 | blog, Corporate Tax Services, Life Sciences Tax, Tax Credits, Technology Tax

For many technology and life sciences companies, the records needed to support the 2026 Research and Development (R&D) tax credit are being created right now. Engineering tickets are being closed, sprint epics are moving into production, scientists are advancing...
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