Research and Development Tax Credit: Recent Developments and Hot Topics

Fri 12/02/2022
1:00PM - 2:15PM
Presenter(s): Michael Boenzi
  • The New Section 174 Capitalization Regime – Explore the new requirement and the associated implications of the mandatory requirement to capitalize research and development costs under IRC Code Section 174, effective January 1, 2022
  • Refund Claim Directive – Chief Counsel Mem 20211410F, indicates critical information that taxpayers must disclose in order to meet the specificity required to make a valid IRC Section 41 research credit claim for refund. Learn more about the legal advice contained in this guidance and the associated considerations for taxpayers
  • Emerging IRS Examination Trends – A discussion of recent IRS examination trends in the R&D credit environment with topics including business components definition/identification, the refund claim directive as well as Little Sandy Coal Company v. Commissioner and the substantially-all test