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They say nothing is certain in this life but death and taxes. We’ll need to revise that axiom a bit after a favorable outcome was announced last month for an Insights Association member company in its legal battle against the Texas state comptroller, who sought to collect sales tax on research services.

What are the federal income tax reporting requirements for incentives offered for participation in research?

In 1981, the R&D Tax Credit (also known as the Research & Experimentation Tax Credit) was signed into law. It was envisioned as a temporary measure to incentivize companies to keep high-tech jobs in the United States and boost corporate growth. Since then, the tax credit has been extended at least a dozen times.According to the explanations on IRS Form 6765 , research expenditures that qualify for the credit “ must be undertaken for discovering information that is technological in ...

Effective October 1, 2006, information services are subject to New Jersey sales and use tax.