R&D Reimagined: The Updated Form 6765

Events

R&D Reimagined: The Updated Form 6765

The IRS in the U.S. released a revised draft of Form 6765 in December of 2024, and followed up with revised draft instructions in January 2025. The updated version will require an extremely high level of granular detail and documentation. This webinar will highlight changes to the Form, including Sections E, F, and G. Special attention will be paid to the laborious Section G, and associated case law will be reviewed. Finally, we’ll discuss what firms can do now to prepare for TY 2025 — when Section G will be required for many taxpayers — with a focus on information gathering and processing.

This session is open to all member firms, their staff, and their clients.

Learning Objectives

• Review the current version of Form 6765, and point out Sections that will change moving forward
• Become familiar with new small Section above Section A
• Realize that the new Section E asks crucial questions regarding changes in methodology
• List the information Section G requires for each business component and recognize that information-gathering procedures may need to change/expand
• Recall that official instructions and guidance have not yet been released
• Understand the implications of the new labor-intensive Form, and how to advise your R&D clients regarding future compliance

Course Outline

• Timeline of Significant Events in R&D Tax Credit history
• Current Version of Form 6765
• Overview of New Form 6765: – Mini-Section Above Section A
– Section E
– Section F
– Section G

• Why Such an Emphasis on Granular Detail? – Substantially All Requirement
– Recent Case Law

• How to Prepare for the New Form

CPE Credit

MGI North America members in the U.S. will earn 1.0 CPE credit for attending the entire webinar, answering live polls, and completing the Evaluation Form.

Program Level: Beginner/Intermediate
Prerequisites: General Background in Accounting, Depreciation and Cost Segregation Advanced Preparation: None
Field of Study: Taxes

About the Speaker

Jacob Wood of Capstan likes to get into the trenches with his clients.

Jacob works closely with his clients – planning with them, building with them, and celebrating with them.  Jacob prides himself on creating long-term relationships – not short-term sales — and his analytical skills and financial expertise allow him to function strategically as a trusted advisor. Jacob speaks to audiences from coast to coast, infusing his informative talks with straightforward examples and a dash of humor.

Education and Credentials:

Juris Doctor degree from Indiana University Maurer School of Law
Bachelor of Arts degree from Duke University
Texas Bar Association, Member

Experience:

In the last decade, Jacob has overseen thousands of R&D, Cost Segregation, and 179D Studies resulting in over $800M of tax benefit to clients.
Specializes in creating excellent experiences for his clients and their friends, engaging hundreds of clients by direct referral. The majority of Jacob’s clients have also gone on to become multi-year partners.
Subject Matter Expert (SME) in:
- R&D Tax Credit Law, Canadian SR&ED Credits, and Cost Segregation.
- Architecture, Engineering, Construction, Manufacturing, Software, and Life Sciences industries

ww: https://capstantax.com/about-capstan/our-people/jacob-wood/
in: Jacob Wood