Tax Minimization Articles

Colorado ranks 20th on The Tax Foundation 2022 Index

Colorado holds steady at the 20th spot on the Tax Foundation's 2022 State Business Tax Climate Index. There's been no movement in ranking from 2021 despite simplification efforts underway. Read more on how states compare. By TaxOps Colorado, despite efforts to...

Filing an R&D Refund Claim? Get Ready for Audit

R&D refund claims, which typically apply to amended returns, trigger audits, according to a recent IRS memo to field office. Know what you are risking before filing an amended R&D refund claim. By Mark Dunning, Partner, TaxOps Minimization On October 15, 2021,...

Letter to Lawmakers: Repeal R&D Amortization

TaxOps issued a letter to ranking committee heads in Congress and Colorado legislators, reproduced here, voicing strong support for delaying the effective date of January 1, 2022, for R&D credit amortization. We see any delay as a stopgap measure to repealing the...

What are R&D credits?

By Stacey Roberts and Jamie Overberg Stacey Roberts, director of state and local tax, got an opportunity to ask Jamie Overberg some questions about the criteria for claiming research and development (R&D) credits. As a partner in TaxOps Minimization, Jamie...

TaxOps a 2021 Best Firms for Women

Nov 1, 2021 | Federal Tax, State and Local, Tax Minimization, Tax News

Accounting Today announced TaxOps is a top ten best accounting firm for women in 2021. TaxOps ' culture demonstrates...

R&D credits: Beware of aggressive credit claims

Oct 12, 2021 | Tax Minimization, Tax News

Inflated R&D credit claims have been called out on the IRS dirty dozen list of scams for years. But R&D...

Mark Dunning Joins AICPA Panel Assessing Capitalization of R&D Expenses

Oct 5, 2021 | Tax Minimization, Tax News

AICPA working group tackles capitalization of research credits (R&D) to determine business tax implications before...

Year-end 2020 relief package good for U.S. innovation

Jan 21, 2021 | Tax Minimization, Tax News

By Mark Dunning Certain expenses related to the Paycheck Protection Program (PPP) are now deductible, the result of...

Congressional appeal to scrap 2022 “carrying cost” for R&D expenses

Jan 19, 2021 | Tax Minimization, Tax News

By Mark Dunning Without repeal, research and development in the U.S. will become more expensive beginning in 2022....

Research & Development Credit: Maximizing credits, legislative updates, and audit trends

Nov 18, 2020 | Events, Tax Minimization, Tax News

Join TaxOps Minimization Managing Partner Mark Dunning as he takes a deep dive into research and...

FAQs: Getting Started with Research Credits

Oct 6, 2020 | Tax Minimization, Tax News, White Papers

By TaxOps Minimization The federal government, and most states, provide lucrative economic incentives in the form of...

Funded Research: Follow the Money to R&D Credits

Sep 29, 2020 | Tax Minimization, Tax News, White Papers

Vague contractual language puts lucrative R&D credits at risk. Find out how to protect your claims to federal...

Will American innovation come in a post-pandemic environment?

Sep 4, 2020 | Tax Minimization, Tax News, White Papers

Research and development in the United States never fails to amaze, and neither will the innovation to come in...

Orphan Drug Credits: Encouraging Research in Rare Diseases

Aug 5, 2020 | Tax Minimization, Tax News, White Papers

Researching a rare disease? Get tax credit for that with the federal Orphan Drug Credit. By Jamie Overberg The orphan...

TaxOps named a 2020 Best Firms to Work For by Accounting Today

Jul 31, 2020 | Federal Tax, State and Local, Tax Minimization, Tax News

TaxOps earns Accounting Today's top workplace award, confirming there's something special going on here....

“That’s not R&D”: Changing how engineers view R&D can increase tax credits

May 25, 2020 | Tax Minimization, Tax News, White Papers

By Jamie Overberg, as featured in Accounting Today "That's not R&D" is a common phrase we hear from engineers at...

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