U.S. District Court: Interco Transactions Excluded from Gross Receipts for Research Tax Credit

On a motion for partial summary judgment, the U.S. District Court for the Southern District of Ohio rules that intercompany transactions may be excluded from gross receipts when calculating the federal research tax credit under Section 41.

Proctor & Gamble v. United States, Docket 1:08-cv-00608 (S.D. Ohio June 25, 2010)

7th Circuit: Two Year Limit for filing Innocent Spouse Claims

The Seventh Circuit reverses the Tax Court and holds that innocent spouse claims must be made within two years of the beginning of IRS collection activity.

Lantz v. Commissioner, No. 09-3345 (7th Cir. June 8, 2010)

For more discussion on the Lantz decision and Sec. 6015(f) please click here.