alliantgroup’s Dean Zerbe Quoted in The Hill in Support of New IRS Guidance for the R&D Tax Credit


Dean Zerbe, alliantgroup’s National Managing Director, was recently quoted in The Hill in response to three senators’ request that the IRS release new guidance to help startups and small businesses take advantage of the Research and Development (R&D) Tax Credit.

As part of broader tax legislation that was signed into law this past December, the R&D Tax Credit was made permanent and modified to grant startups and a larger number of small businesses access to the credit. As reported by The Hill’s Naomi Jagoda in her article “Senators ask IRS to issue guidance to help startups,” senators Chris Coons (D-DE), Pat Roberts (R-KS) and Charles Schumer (D-NY) reached out to the IRS asking for additional guidance for startups and small businesses, specifically requesting that the Service not exclude such companies from the credit if they had received grants from governments or nonprofits in the past. The senators also requested that the IRS reduce its recordkeeping burdens on these companies and asked the organization to “conduct meaningful outreach” to educate small businesses and startups about the R&D credit.

In the piece, Zerbe came out in support of the senators’ bipartisan efforts:

Dean Zerbe, National Managing Director of alliantgroup and former Senior Counsel to the Senate Finance Committee, praised the senators for “working hard to ensure that this new provision is a success.”

“The IRS needs to recognize the importance of educating business owners as to this new R&D provision,” Zerbe said. “Study after study has shown that the key to new job creation is encouraging and supporting new businesses—helping ensure the success of the startup R&D Tax Credit will be an important part of creating new jobs.”

To read the whole article from The Hill, click here. To read the full letter from the senators regarding new IRS guidance, click here.

Contact us today for more information on the modifications to the R&D Tax Credit and how these proposed guidance changes could help your business.

About the Author

alliantgroup offers companies expert consulting services regarding research and development, manufacturing, exporting, energy-efficient design, and hiring in certain established enterprise zones.