On March 18, 2014, TEI urged the IRS to withdraw proposed regulations creating an "exception" to the single taxpayer rule under section 41(f)(1) excluding gross receipts received from a controlled foreign corporation for purposes of calculating the traditional incremental research credit.
TEI's comments were prepared under the aegis of its Federal Tax Committee, whose chair is Gary P. Hickman of Oldcastle, Inc. Jeffery P. Rasmussen of the Institute's legal staff coordinated the development of the comments.
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