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Quick Tax Guide: What Life Sciences Leaders Need to Know

Navigating today’s evolving tax landscape can be challenging, especially for life sciences companies that must balance growth, innovation, and compliance.…

Tim TorresSeptember 24, 2025

Articles Business Tax Life Sciences & Pharma

State Tax Nexus and Compliance for Pharma and Life Sciences

“Nexus” is a Latin term that means connection and is key to understanding state and local tax obligations for businesses.…

Jenna SanfilippoSeptember 9, 2025

Articles Business Tax Life Sciences & Pharma

The Role of P.L. 86-272 for State Tax Compliance for the Pharmaceutical Industry

Public Law 86-272 (P.L. 86-272), a 1959 law, was passed to protect interstate businesses from unnecessary state income tax. The…

Tim TorresAugust 6, 2025

Articles Life Sciences & Pharma

Prescription for Savings: How Pharmacy Owners Can Benefit from IRC 1202

Internal Revenue Code (IRC) Section 1202 provides a tax exclusion for certain gains from the sale of qualified small business…

Tim TorresJuly 3, 2025

Life Sciences & Pharma Tax Law Legislation

Consider Section 174 When Selling a Life Science Business

Since 1954, Internal Revenue Code Section 174 has allowed Life Science companies engaged in research and development to deduct those…

Tim TorresJune 13, 2025

Articles Life Sciences & Pharma

House Draft Bill Proposes Immediate Expensing for Section 174 R&D Costs

Among the handful of provisions in the House draft legislative package, called “The One, Big, Beautiful Bill,” is a long-awaited change…

Bridget UribeMay 16, 2025

Articles Business Tax Life Sciences & Pharma

Transfer Pricing Considerations for Pharmaceutical Companies

In a prior article, we discussed the basics of transfer pricing (The Basics of Transfer Pricing). The focus of this…

Chris FrederickMay 5, 2025

Articles Business Tax Life Sciences & Pharma

Payroll Tax Credit for Pre-Revenue Life Science Companies

The Credit for Increasing Research Activities under Internal Revenue Code Section 41 is a Federal tax credit that, in most…

Kurt ReinhardtApril 7, 2025

Articles Business Tax Life Sciences & Pharma

Chargebacks in the Pharmaceutical Industry: Understanding the Data

In the past, we have written about the basics of chargebacks (Deduction Rules for Accrued Liabilities: Chargebacks Edition), a significant…

Chris FrederickMarch 6, 2025

Articles Business Tax Life Sciences & Pharma

Expected IRS R&D Credit Form Changes and Potential Opportunities

The IRS has recently released a new draft of Form 6765, "Credit for Increasing Research Activities," aimed at expanding the…

Tim TorresFebruary 10, 2025