R&D Tax Credit - Calculation & Compliance

The Credit for Increasing Research Activities (R&D Tax Credit) is a general business tax credit under Internal Revenue Code Section (IRC) 41 for companies that incur research and development (R&D) costs in the United States.

This course will offer a comprehensive understanding of the statutory methods of calculating the R&D tax credit. The course aims to educate learners on the factors that can impact tax benefits, such as the type of research activities undertaken, the expenses incurred, and the taxpayer's entity type.

Moreover, the course provides a practical overview of the return preparation process for claiming the R&D credit, which includes highlighting the required forms and documentation necessary to support the credit claim.

This course will also shed light on how different tax entities, such as C-corporations, S-corporations, partnerships, and sole proprietors, can utilize R&D tax credits to reduce their tax liabilities. As well as the various limitations and restrictions that taxpayers need to consider when claiming credit.

Who Should Attend: This session is recommended for Accountants, CPAs, Tax Preparers, and Other Tax Professionals who want to get a better understanding of the calculation and compliance aspects of the R&D tax credit.

Participants will learn:

• To analyze different methods of calculating R&D Tax credits.

• To explain factors that can impact the tax benefits, such as the type of research activities undertaken, the expenses incurred, and the taxpayer's entity type.

• To discuss return preparations, required tax forms, and credit utilization.

To register for this session, fill out the form below and we will send you more info. In order to be awarded the full credit hour, you must be present, registering your attendance and departure on the attendance sheets at the registration desk.

Participants will earn 1.0 CPE credit

Additional Information:

• Prerequisites: Work experience in one or more of the following industries: Accounting, Finance, and/or Tax.

• Advanced Preparation: None

• Program Level: Intermediate

• Delivery Method: Group Live

• Field of Study: Taxes

Refunds and Cancellations: No fee will be charged for attending our CPE programs. If a program is canceled, the participant will be notified immediately. Participants will be notified via email. For more information regarding administrative policies such as complaint and refund, please contact our offices at 866-647-3920.

Probity Tax Recovery is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its web site: www.nasbaregistry.org