Bonus: Key Lessons from Recent US Tax Court Rulings on R&D Documentation

Welcome to a very special bonus episode of What The Tech from Boast AI!

Today, we’re unpacking some of the findings from a pair of recent court rulings in the United States that emphasize just how much time and money can be wasted when businesses don’t exercise savvy (and scrutiny) when applying for R&D tax credits. 

This conversation features Boast AI’s own Director of Customer Delivery Ashley Crawford along with our Senior Product Marketing Manager Asad Ali, and was originally featured as part of Boast AI’s weekly InnovatorsLive series on LinkedIn.

In both  cases discussed today, titled Little Sandy Coal v. Commissioner and Scott Moore, et al. v. Commissioner, the courts found that taxpayers failed to substantiate certain activities and their associated qualified research expenditures (QREs) due in large part to a lack of proper documentation. 

Along with being a lesson on the importance of good record keeping, the cases shine a light on several missed opportunities where the taxpayers may have been able to leverage the tax code to their advantage. 

I hope you enjoy the show and stay tuned for next week’s regularly scheduled episode of What The Tech featuring innovators from across North America’s tech ecosystem!

Boast accelerates the success of innovative businesses globally with software that integrates financial, payroll, and engineering data into a single platform of R&D intelligence.

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Intro and Outro music provided by Dennis Ma whose mixes you can find on Soundcloud at DJ DennyDex.