{"id":14574,"date":"2025-03-18T22:22:49","date_gmt":"2025-03-18T22:22:49","guid":{"rendered":"https:\/\/taxops.com\/?p=14574"},"modified":"2025-03-18T22:22:50","modified_gmt":"2025-03-18T22:22:50","slug":"preparing-revised-form-6765-for-the-rd-credit-cpe","status":"publish","type":"post","link":"https:\/\/taxops.com\/preparing-revised-form-6765-for-the-rd-credit-cpe\/","title":{"rendered":"Preparing Revised Form 6765 for the R&#038;D Credit CPE"},"content":{"rendered":"\n<div style=\"height:49px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<div style=\"height:18px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" width=\"1024\" height=\"536\" src=\"data:image\/gif;base64,R0lGODlhAQABAIAAAAAAAP\/\/\/yH5BAEAAAAALAAAAAABAAEAAAIBRAA7\" data-src=\"https:\/\/taxops.com\/wp-content\/uploads\/2025\/03\/Preparing-Revised-Form-6765-for-the-RD-Credit-1024x536.png\" alt=\"\" class=\"wp-image-14577 lazyload\" data-srcset=\"https:\/\/taxops.com\/wp-content\/uploads\/2025\/03\/Preparing-Revised-Form-6765-for-the-RD-Credit-1024x536.png 1024w, https:\/\/taxops.com\/wp-content\/uploads\/2025\/03\/Preparing-Revised-Form-6765-for-the-RD-Credit-980x513.png 980w, https:\/\/taxops.com\/wp-content\/uploads\/2025\/03\/Preparing-Revised-Form-6765-for-the-RD-Credit-480x251.png 480w\" sizes=\"(min-width: 0px) and (max-width: 480px) 480px, (min-width: 481px) and (max-width: 980px) 980px, (min-width: 981px) 1024px, 100vw\" \/><noscript><img decoding=\"async\" width=\"1024\" height=\"536\" src=\"https:\/\/taxops.com\/wp-content\/uploads\/2025\/03\/Preparing-Revised-Form-6765-for-the-RD-Credit-1024x536.png\" alt=\"\" class=\"wp-image-14577 lazyload\" srcset=\"https:\/\/taxops.com\/wp-content\/uploads\/2025\/03\/Preparing-Revised-Form-6765-for-the-RD-Credit-1024x536.png 1024w, https:\/\/taxops.com\/wp-content\/uploads\/2025\/03\/Preparing-Revised-Form-6765-for-the-RD-Credit-980x513.png 980w, https:\/\/taxops.com\/wp-content\/uploads\/2025\/03\/Preparing-Revised-Form-6765-for-the-RD-Credit-480x251.png 480w\" sizes=\"(min-width: 0px) and (max-width: 480px) 480px, (min-width: 481px) and (max-width: 980px) 980px, (min-width: 981px) 1024px, 100vw\" \/><\/noscript><\/figure>\n\n\n\n<div style=\"height:64px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p class=\"wp-block-paragraph\"><em>Join Partners Mark Dunning and Jamie Overberg at TaxOps for upcoming CPE on preparing revised Form 6765 for the research &amp; development credit.  <\/em><\/p>\n<\/blockquote>\n\n\n\n<div style=\"height:57px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h1 class=\"wp-block-heading has-text-align-center\"><strong>Preparing Revised Form 6765 for the R&amp;D Credit: Completing New Sections E, F, and G, Withstanding IRS Challenges<\/strong><\/h1>\n\n\n\n<div style=\"height:57px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading has-text-align-center\">Wednesday, June 4, 2025 | 11:00 &#8211; 12:50 MT<\/h2>\n\n\n\n<div class=\"wp-block-buttons is-content-justification-center is-layout-flex wp-container-core-buttons-is-layout-fe48e5de wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/www.straffordpub.com\/products\/preparing-revised-form-6765-for-the-randd-credit-completing-new-sections-e-f-and-g-withstanding-irs-challenges-2025-06-04\">Register<\/a><\/div>\n<\/div>\n\n\n\n<div style=\"height:64px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p class=\"wp-block-paragraph\"><a href=\"https:\/\/taxops.com\/meredith-smith\/\" target=\"_blank\" rel=\"noopener\" title=\"Meredith Smith\">Mark Dunning<\/a> and <a href=\"https:\/\/taxops.com\/judith-vorndran\/\" target=\"_blank\" rel=\"noopener\" title=\"Judy Vorndran\">Jamie Overberg<\/a> update practitioners on the extensive changes made to Form 6765, Credit for Increasing Research Activities, effective primarily in 2024, with some reporting requirements delayed until 2025. As federal tax credit specialists, Mark and Jamie will advise organizations and tax practitioners on how to meet the complex criteria to qualify for the R&amp;D tax credit and withstanding new IRS challenges based on the additional details received. They will also identify new reporting responsibilities that need clarification for <a href=\"https:\/\/www.straffordpub.com\/products\/preparing-revised-form-6765-for-the-randd-credit-completing-new-sections-e-f-and-g-withstanding-irs-challenges-2025-06-04\" target=\"_blank\" rel=\"noopener\" title=\"Strafford\">Strafford<\/a>.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Description<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Stated simply, the R&amp;D tax credit, codified under Section 41 of the Internal Revenue Code, is a credit for increasing research activities. The credit incentivizes businesses to develop new or improved products, processes, formulas, techniques, inventions, or software. The regular R&amp;D credit equals 20 percent of the smaller of current QREs (qualified research expenses) that exceed a threshold amount or 50 percent of the current year QREs.&nbsp;In addition to the regular credit method, there is an alternative simplified credit method.&nbsp;Choosing the most beneficial method is critical.&nbsp;<strong>The calculated amount based on the method chosen may reduce a company&#8217;s federal income tax liability dollar for dollar<\/strong>.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">In response to improperly filed claims and to target questionable claims, the IRS expanded the information required to be submitted when filing for an R&amp;D tax credit. Newly added Section E \u2013 Other Information, requires taxpayers to respond to five questions, the first asking &#8220;the number of business components generating the QRE.&#8221; Section F \u2013 Qualified Research Expenses Summary, includes a summary of QREs by cost types. The most comprehensive and troublesome addition is Section G \u2013 Business Component Information.&nbsp;<strong>Section G requires listing 80 percent of the total QREs for business components&nbsp;<\/strong>in descending order. Perhaps due to its complexity, Section G reporting is optional for 2024 but required for 2025.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Eligible businesses can use the R&amp;D credit to&nbsp;<strong>offset up to $500,000 of payroll liabilities<\/strong>. With either a federal income tax offset or payroll liability offset, completing Form 6765, Credit for Increasing Research Activities, properly is key.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Listen as Mark and Jamie explain the R&amp;D credit and provides step-by-step calculations, including completion of the newly revised Form 6765.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Outline<\/h3>\n\n\n\n<ol class=\"wp-block-list\">\n<li>Form 6765, Credit for Increasing Research Activities: Introduction<\/li>\n\n\n\n<li>Form 6765 Revisions (Sections E, F, and G)<\/li>\n\n\n\n<li>Qualifying activities and expenses<\/li>\n\n\n\n<li>Calculating the credit (Regular credit, Alternative simplified credit)<\/li>\n\n\n\n<li>Payroll liability offset, Form 8974<\/li>\n\n\n\n<li>IRS challenges<\/li>\n\n\n\n<li>Preparing the form<\/li>\n\n\n\n<li>Examples and illustrations<\/li>\n\n\n\n<li>State credits<\/li>\n\n\n\n<li>Best practices<\/li>\n<\/ol>\n\n\n\n<h3 class=\"wp-block-heading\">Benefits<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">The panel will review these and other issues:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Illustrative examples including preparation of new Form 6765, Credit for Increasing Research Activities<\/li>\n\n\n\n<li>When a business should consider claiming the reduced credit under Section 280C<\/li>\n\n\n\n<li>Which R&amp;D tax credit computation method to consider<\/li>\n\n\n\n<li>Meeting current IRS criteria for properly applying for the R&amp;D credit<\/li>\n<\/ul>\n\n\n\n<div style=\"height:64px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Instructor:<\/strong><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\"><strong><a href=\"https:\/\/taxops.com\/mark-dunning\/\" target=\"_blank\" rel=\"noopener\" title=\"Mark Dunning\">Mark Dunning, CPA<\/a><\/strong><br>Partner, TaxOps<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Mr.\u00a0\u00a0Dunning is the managing partner of TaxOps Minimization, where he leads an experienced team in implementing tax-saving projects. He has developed deep technical knowledge of the research credit across all industries, including automotive, engineering, medical, manufacturing, and software. Mr. Dunning has been responsible for the coordination, management, and execution of some of the largest research credit studies performed by Ernst &amp; Young. His work with small and mid-size companies has made him well-versed with the R&amp;D issues they face as well. Mr. Dunning also consults regularly with clients on income tax accounting issues regarding the research credit.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><a href=\"https:\/\/taxops.com\/judith-vorndran\/\" target=\"_blank\" rel=\"noopener\" title=\"Judy Vorndran\"><strong>Jamie Overberg<\/strong><\/a><br>Partner, TaxOps<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">As a tax partner for TaxOps Minimization, Ms. Overberg specializes in executing and managing a wide range of tax minimization strategies, including all aspects of the Research and Development tax credit as well as financial reporting requirements under FAS 109 and Fin 48. In addition, she works with Section 199, Section 263A, and Section 382 analysis, calculations, and reporting. She works primarily with clients in the automotive, engineering, manufacturing, software, biotech and oil and gas sectors, and has worked on numerous R&amp;D tax controversy engagements.<\/p>\n\n\n\n<div style=\"height:64px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h3 class=\"wp-block-heading\">More Tax News<\/h3>\n\n\n<ul class=\"wp-block-latest-posts__list wp-block-latest-posts\"><li><a class=\"wp-block-latest-posts__post-title\" href=\"https:\/\/taxops.com\/auditor-independence-in-the-age-of-private-equity\/\">Auditor Independence in the Age of Private Equity: What CFOs Need to Know<\/a><\/li>\n<li><a class=\"wp-block-latest-posts__post-title\" href=\"https:\/\/taxops.com\/r-d-credits-for-software-companies\/\">R&amp;D Credits for Software Companies: Scrum Teams, Qualifiers, and Section 174 After OBBBA<\/a><\/li>\n<li><a class=\"wp-block-latest-posts__post-title\" href=\"https:\/\/taxops.com\/section-174-decoupling-what-tax-pros-need-to-know-state-by-state\/\">Section 174 Decoupling: What Tax Pros Need To Know State By State<\/a><\/li>\n<li><a class=\"wp-block-latest-posts__post-title\" href=\"https:\/\/taxops.com\/sean-espy-new-partner\/\">TaxOps Welcomes Sean Espy as Partner, Tax Minimization<\/a><\/li>\n<li><a class=\"wp-block-latest-posts__post-title\" href=\"https:\/\/taxops.com\/state-nexus-demystified-navigating-tax-compliance-after-wayfair-episode-1-2\/\">Your Tax Footprint Is Probably Bigger Than You Think: What Finance Leaders Need to Know About State Nexus<\/a><\/li>\n<\/ul>\n\n\n<div style=\"height:64px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<strong>Follow Us<\/strong><br>\n<a href=\"http:\/\/www.linkedin.com\/company\/201050\" target=\"_blank\" rel=\"noopener noreferrer\"><i class=\"fa fa-linkedin-square fa-2x\"><\/i><\/a>\n<a href=\"https:\/\/twitter.com\/taxops\" target=\"_blank\" rel=\"noopener noreferrer\"><i class=\"fa fa-twitter-square fa-2x\"><\/i><\/a> <a href=\"https:\/\/www.sarahf14.sg-host.com\/prospects\/connect-with-us\/\" target=\"_blank\" rel=\"noopener noreferrer\"><i class=\"fa fa-envelope-square fa-2x\"><\/i><\/a>\n","protected":false},"excerpt":{"rendered":"<p>Join Partners Mark Dunning and Jamie Overberg at TaxOps for upcoming CPE on preparing revised Form 6765 for the research &amp; development credit. Preparing Revised Form 6765 for the R&amp;D Credit: Completing New Sections E, F, and G, Withstanding IRS Challenges Wednesday, June 4, 2025 | 11:00 &#8211; 12:50 MT Mark Dunning and Jamie Overberg [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":14577,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","spt_transcript":"","footnotes":""},"categories":[225,229,226],"tags":[252,388,31,32,284,1096,994,1097,33,1050,126,34,35,796,471,1094,36,1095,797,536,44,37,1053,18,19,1051,1081,30,101,601,38,214,139],"class_list":["post-14574","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-events","category-state-and-local","category-tax-news","tag-accountant","tag-accounting-professionals","tag-business","tag-business-tax","tag-cfo","tag-combined-filing","tag-controller","tag-cookies","tag-corporate-tax","tag-cp","tag-cpa","tag-economic-nexus","tag-economic-presence","tag-exemption-certificates","tag-finance-professionals","tag-finnigan-method","tag-income-tax","tag-joyce-method","tag-mtc","tag-pl-86-272","tag-property-tax","tag-providers","tag-risk-reduction","tag-sales-and-use-tax","tag-sales-tax","tag-sales-tax-exemptions","tag-sales-tax-management","tag-state-and-local-tax","tag-state-tax","tag-tax-administrations","tag-tax-compliance","tag-taxability","tag-voluntary-disclosure"],"aioseo_notices":[],"jetpack_featured_media_url":"https:\/\/taxops.com\/wp-content\/uploads\/2025\/03\/Preparing-Revised-Form-6765-for-the-RD-Credit.png","_links":{"self":[{"href":"https:\/\/taxops.com\/wp-json\/wp\/v2\/posts\/14574","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/taxops.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/taxops.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/taxops.com\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/taxops.com\/wp-json\/wp\/v2\/comments?post=14574"}],"version-history":[{"count":2,"href":"https:\/\/taxops.com\/wp-json\/wp\/v2\/posts\/14574\/revisions"}],"predecessor-version":[{"id":14578,"href":"https:\/\/taxops.com\/wp-json\/wp\/v2\/posts\/14574\/revisions\/14578"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/taxops.com\/wp-json\/wp\/v2\/media\/14577"}],"wp:attachment":[{"href":"https:\/\/taxops.com\/wp-json\/wp\/v2\/media?parent=14574"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/taxops.com\/wp-json\/wp\/v2\/categories?post=14574"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/taxops.com\/wp-json\/wp\/v2\/tags?post=14574"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}