IRS lists R&D tax credit among its Dirty Dozen, so is it still safe to claim?
In July, the IRS wrapped up its annual Dirty Dozen scams list, designed to warn taxpayers against abusive tax promotions. One practice mentioned is the improper claiming of business credits, specifically the R&D tax credit. But does this mean a taxpayer should not be claiming the research credit? In Accounting Today, David Seibel examines why the R&D Tax Credit appears on the list, and discusses key considerations when claiming the credit.