Overview

The program will be primarily focused on two areas.

First, it will highlight and provide a brief overview of the current requirements needed to properly claim the Credit For Increasing Research Activities.

Second, it will provide insight into the recent changes within the Internal Revenue Service as it relates to compliance and enforcement.

This will also be an overview of the examination process and trends to anticipate while working with the Internal Revenue Service to successfully resolve audits related to the Credit For Increasing Research Activities.

Learning Objectives

1. To understand the current administrative and procedural landscape surrounding the Credit For Increasing Research Activities;

2. Tax Credit filing requirements;
a. IRS Chief Counsel Memorandum and 5 items
b. New proposed Form 6765 changes and new requirements

3. To understand the primary objectives and areas of focus for the IRS (Compliance and Enforcement) going into 2024 and beyond;

4. To understand the IRS Audit Process with respect to the Credit For Increasing Research Activities;
a. Examination
b. Resolution
c. Appeals Process

5. To understand different audit techniques/strategies that can be employed;

Designed for

Tax Professionals

Prerequisite

None

Advanced Preparation

None

Field of Study

Taxes

Level

Intermediate

CPE Credits

1.2 CPE credits

About the Speakers

ABGi provides expert tax consulting on a multitude of specialized tax incentives such as the Research & Development tax credit, the Section 179D tax deduction, and Cost Segregation. ABGi is here to provide the highest level of service while adding value back into your company. The team is composed of multi-talented women and men including engineers, lawyers, tax specialists, strategy experts, etc. As a subsidiary of the ABGi Group, they are proud to have an international presence in the United States, Brazil, France, Canada, Germany, and the United Kingdom, that support companies of all sizes, regardless of their business sector.