Earlier this year the U.S. Treasury Department released new regulations regarding internal use software (IUS) and its eligibility for the Research and Development (R&D) Tax Credit. According to alliantgroup Director Robert Wonish and alliantgroup Senior Associate Director Margorie McLenan, these new regulations have given software developers a substantial boost in their ability to claim R&D-based tax incentives.

In their article “The IRS Cuts Software Developers a Break”, Wonish and McLenan discuss how the new Treasury regulations from this past January have greatly narrowed the definition of IUS, thereby effectively broadening the application of the credit and allowing more businesses to claim the R&D Tax Credit for their software development work.

Contact us today for more information on the R&D Tax Credit and what these new regulations could mean for your business.