THE IMPACT OF THE CHANGE OF TAX YEAR ON THE CORPORATION’S APPLICATION FOR A CASH GRANT ON THE INVESTMENT MADE IN QUALIFYING THERAPEUTIC DISCOVERY
In the Silver Medical, Inc. V. Commissioner of Internal Revenue (2016), the respondent, the commissioner of internal revenue, determined a deficiency in the Silver Medical, Inc.’s Federal income tax amounting to 41,032 US dollars for the fiscal year ending on 30th November, 2011 along with an accuracy related fine amounting to 8,206 US dollars (Leagle, Inc., 2016). The case was filed on 19th December 2016. The United States Tax Court held ...