In recent years, record numbers of foreign students have enrolled in graduate and undergraduate programs at U.S. colleges and universities. During the 2012-2013 academic year, their numbers topped 800,000—the seventh consecutive annual increase. Roughly two-thirds of such visiting students pay their own way or are otherwise subsidized from abroad, but their growing numbers mean that U.S. institutions will be awarding scholarships, grants, prizes and other forms of non-governmental assistance to foreign nationals with increasing […]

The decision in this case, issued as a Memorandum decision by the Court, J. Vasquez, reflects the analytical complexity of the Section 41 tax credit rules for qualified research and development costs and further highlights the taxpayer’s burden to prove that it properly claimed the tax credits based on the evidence presented on the record at trial or by stipulation prior to trial, and including the submission of expert reports. The research tax credit […]