Join Mark Dunning for a session on audit readiness for R&D credits, where he’ll unpack the IRS’s evolving expectations around nexus, business component documentation, and contemporaneous recordkeeping. Learn practical strategies to build a defensible audit trail, improve cross-functional collaboration, and protect your R&D credit claims amid expanded reporting requirements.
Audit Readiness: An IRS Primer for R&D Credit Compliance
December 4 | 8:30 am – 9:20 am | 1 CPE credit
Audit readiness is not optional when it comes to R&D credits—it’s essential. In this final session of our 3-part series, we’ll focus on the IRS’s evolving expectations around nexus, business component documentation, and contemporaneous recordkeeping. With expanded reporting requirements now in effect, businesses must implement more rigorous tracking and documentation processes to support their claims and withstand IRS review. Mark Dunning, partner at TaxOps, will break down what the IRS is really asking for when it comes to business components by activity and how to build a defensible audit trail through contemporaneous documentation. This session will also explore the role of cross-functional collaboration—especially with engineering and accounting teams—in identifying gaps, improving data quality, and reducing audit risk. Whether you’ve already received an IRS notice or want to stay ahead of compliance challenges, this webinar will equip you with practical strategies to protect your R&D credit claims.
Learning Objectives
- Interpret IRS expectations for documenting business components by activity to establish proper nexus for R&D credit claims.
- Develop a defensible audit trail using contemporaneous documentation practices aligned with IRS standards.
- Identify red flags in third-party R&D credit methodologies and evaluate associated compliance risks.
- Formulate appropriate responses to IRS notices involving uncertain tax positions.
- Implement strategies to mitigate Section 174 capitalization impacts and coordinate internal teams for audit readiness.
Major Topics
- IRS expectations for nexus and business component documentation
- Contemporaneous recordkeeping and audit trail best practices
- Risk evaluation of aggressive credit methodologies
- Response strategies for IRS correspondence and tax position disclosures
- Section 174 capitalization planning and cross-functional compliance coordination
Presenters
Mark Dunning, Partner, TaxOps,
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