Questions about the R&D Credit?
Questions about IRS requirements?
R&D Tax Credit ATG – May 2008
Download a .pdf of the complete ATG here: RCCATG – May 08
Link to the IRS website version here: RCCATG – May 08
TABLE OF CONTENTS:
CHAPTER I – RESEARCH CREDIT CLAIMS
Background
Typical Prepackage RC Claim Study
Potential Problems
NEXUS
Substantiation – The Eustace Case
280C Issues
Scope of Examination – Original Return vs. RC Claim
CHAPTER II – AUDIT TECHNIQUES FOR EXAMINING RC CLAIMS
Evaluating RC Study Based Claims
Issuing the Mandatory IDR Questionnaire
How to Evaluate Taxpayer’s Responses to the RC Claim IDR/Questionnaire
Consistency and Base Period Issues
Substantiation – Estimations, Sampling, Oral Testimony
Statistical Sampling
Additional Areas to Consider
Evaluating Information
Audit Reports
RC Claim Examination Tools
General ATG
Exhibits
Information Document Requests (IDRS)
The RC Claim Engagement Letter
Website Info
CHAPTER III – ADMINISTRATIVE CONSIDERATIONS
Mandated Issue Tracking Codes
Penalty Regarding Erroneous Claim for Refund or Credit
Refund Claim Requirements
Notice 2008-39 Credit for Increasing Research Activities
Claim Filing Considerations
Requesting A Refund – IRM 4.11.11.9 (5-13-2005)
Business Credits – IRM 4.11.11.8.1 (5-13-2005)
Form 1120X Amended Return (Claiming a Refund of an Overpayment)
Form 1120X Amended Return (No Claim for Refund of an Overpayment)
Form 1139 Tentative Overpayments: Tentative Carryback Adjustment Under I.R.C. §6411
Joint Committee Coordination
Late Cycle Claims
Protective and Incomplete Refund Claims
Computational Checklist Relating to Research Credit Claims
Exhibits
Letters & Forms
