Research credit for employer's portion of social security tax.

• Author: Josephs, Stuart R.
• Position: FED TAX UPDATE

This elective credit will be able to be claimed on new IRS Form 8974, to be released Jan. 2017 (for background, see the March/April 2016 California CPA, Page 23).

Also see Rev. Proc. 2016-39 (IRB 2016-30, July 25), which adds automatic consent for a change to or from the net asset value accounting...