R&D Credit and Section 174 (CPE)

by | Oct 18, 2024 | Events, Main Tax Min, Tax Minimization, Tax News | 0 comments

Join Mark Dunning for this annual half-day course on claiming R&D credits, including how qualified research is defined, the various details of the ­credit calculations, and properly supporting or documenting such claims. The new §174 capitalization requirements and its impact, IRS examination trends and concerns, and the financial statement aspects of claiming the ­credit will also be covered. Two dates to choose from. Register at CPE4U.

Online Only | 4.0 Credits | Two dates to choose from.

Thursday, October 24, 2023

8:30 am – 12:00 pm

Register

Tuesday, November 19, 2023

1:00 pm – 4:30 pm

Register

Unlock the complexities of Research & Development (R&D) credits and stay ahead of recent changes in this in-depth webinar with R&D expert Mark Dunning, managing partner of TaxOps Minimization. Whether you’re looking to sharpen your understanding or enhance your firm’s credit claims, this session covers everything from qualifying research to navigating the latest IRS trends.

Description

This course will review the basic and intermediary levels of claiming the research and development (R&D) credit, including how qualified research is defined, the various details of the ­credit calculations, and properly supporting or documenting such claim. The new §174 capitalization requirements and its impact will be covered. This course will also highlight IRS examination trends and concerns as well as financial statement aspects of claiming the ­credit.

Learning Objective

After completing this course the participant will be able to:

  • Explain the background of the research and development credit and recent legislation.
  • Discuss the new §174 capitalization requirements and §280C(c) impact.
  • Define qualified research under statutory and case law.
  • Distinguish and recognize the issues pertaining to internal-use software.
  • Calculate regular and alternative simplified credit, including:
    • Base period;
    • Start-up company rules;
    • Acquisition and disposition application;
    • Controlled groups.
  • Explain the need for contemporaneous documentation.
  • Recognize the role of the Internal Revenue Service, including:
    • Issue management network/Tier I;
    • Examination trends;
    • Pre-filing agreements.
  • Describe financial statement benefit issues.

Instructors:

T. Mark Dunning, CPA
Partner
TaxOps Minimization

T. Mark Dunning, CPA, is the managing partner of TaxOps Minimization, where he leads an experienced team in implementing tax-saving projects. Previously he was responsible for the coordination, management, and execution of large research credit studies at EY, and he also has worked extensively with small and mid-size companies on their R&D issues. An accomplished negotiator with the IRS and state tax authorities, he managed four of the 23 IRS pre-filing agreement projects granted and closed in the research credit area by the IRS. He received bachelor’s and master’s degrees in accounting from Brigham Young University and writes and speaks ­frequently about far-ranging business tax topics involving tax credits, deductions, and deferrals.

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