Tax laws and regulations are constantly changing, and it can be difficult to keep up with it all. In this blog, CSSI experts share their insights around the most relevant issues and developments impacting your tax situation.
July 22, 2026
Every state that offers state R&D Tax Credits typically rewards businesses for spending on research activities: wages, supplies, contract research. Kentucky takes a fundamentally different approach. Its credit doesn’t reward what you spend on research itself. It rewards what you spend building the place where that research happens. What Makes Kentucky Different Most states calculate […]
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July 20, 2026
On June 16, 2026, the U.S. Tax Court issued its decision in Adrian D. Smith and Nancy W. Smith, et al. v. Commissioner, T.C. Memo. 2026-50; a case that offers a useful reminder of how closely the IRS and the courts scrutinize research credit claims involving contract work, and why the details of a contract can […]
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July 17, 2026
When a tax return needs a fix, most people default to the term “amended return.” But there’s a second, lesser known option, the superseding return, that can be a more powerful tool depending on timing. Understanding the difference matters for anyone navigating cost segregation studies, R&D credit claims, or Section 179D deductions, since corrections to […]
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July 16, 2026
Every business that qualifies for the R&D Tax Credit hopes to use the full value of that credit in the year it’s earned. In practice, that’s not always possible. A company might not owe enough in tax liability that year to absorb the entire credit, especially in early growth stages, during a slow year, or […]
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