It is a rare day that small and medium business owners view news from the IRS and Treasury as a good thing.  Today is different – different in a big way.  Today – Treasury announced regulations (TD 9666) that will allow companies to take the Research and Development Alternative Simplified Credit (ASC) on amended returns.   This seemingly arcane change will mean many more dollars in the wallets of innovative small and medium businesses – money that will be used to create new jobs, expand businesses and keep doors open.