Research credit regs eliminate controversial discovery test. (Technology: news and trends in information systems and electronic commerce)

Accounting Today,  January, 2002  

Tags: Government, Internal Revenue Service, Regulations

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WASHINGTON -- The Treasury Department and the Internal Revenue Service have issued proposed regulations on the research credit in order to lay to rest many of the disputes about whether research and experimentation expenses qualify for the credit.

The proposed regs eliminate the controversial "discovery test" ...