This course introduces attendees to the Research & Development Tax Credit under IRC § 41. Attendees will learn the history and evolution of the R&D Tax Credit since its inception in 1981. Attendees will further learn how to identify qualifying activities under the Four-Part Test as well as the types of qualified research expenses. Examples of developmental life cycles and case studies will be presented. Calculation methodologies will be presented for both income tax and payroll tax claims. The impact of IRC § 174 as well as proposed changes to the Form 6765 will be covered.

This course introduces practitioners to the amortization of research & experimental costs for federal income tax purposes. The relationship of expense amortization to the research tax credit and other cost capitalization rules will be developed. Other TCJA changes to research-related provisions of the Code will be discussed. Current legislative and regulatory updates will be covered.

Please join Source Advisors for a townhall webinar on the recent updates to the §174 amortization rules in IRS Notice 2023-63. Enjoy an opportunity for Q&A with Source Advisors’ specialists

Participants will gain an understanding of the current landscape, legislative updates, and best practices for advising clients on navigating the amortization of 174 expenses. This course introduces practitioners to the amortization of research & experimental costs for federal income tax purposes. The relationship of expense amortization to the research tax credit and other cost capitalization/tracking rules will be developed. Other TCJA changes to research-related provisions of the Code will be discussed.