CCH's Practical Guide to Research and Development Tax Incentives--Federal, State, and Foreign by Michael Rashkin, J.D., LL.M., provides something that has been missing in professional tax literature--authoritative, comprehensive coverage of this complex and evolving topic. This newly expanded resource is practical, easy to follow, easy to understand, and is particularly effective at clarifying and demystifying this complex subject. It provides well-written, detailed guidance on claiming the federal credit for increasing research activities and the deduction for R&D expenditures. In doing so, it explains the elements of qualified research, exclusions, computational rules, and basic research payment credits. Historically, the IRS has been vigilant in denying R&D credits. This resource explains how to satisfy the IRS's requirements, document the credit, and defend against IRS challenges. It also examines research incentives offered by individual states and describes the R&D incentives available in the major economies of the world, offering helpful charts that show the key differences among the various countries.
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Michael Rashkin, J.D., LL.M. is General Tax Counsel for Marvell Semiconductor, Inc. He is a recognized leader in establishing international tax structures and a leading expert in the management of corporate tax departments. He has worked with high technology companies in selecting locations for R&D design centers and in negotiating their tax incentives. In the early 1980s, Mr. Rashkin established the tax department of Apple Computer and during the same period, at Congress's request, testified about possible improvements to the research credit. He is a member of the Santa Clara Valley Chapter of Tax Executives Institute, the State Bar of New York, and the State Bar of California. He holds an LL.M. from New York University.
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