R&D tax credit update: Policy and perspectives

The research and development tax credit has long been an opportunity for companies engaged in eligible activities to improve cash flow and reduce effective tax rates. Understanding how to determine eligible activities, document processes and substantiate claims in light of recent judicial decisions is key to maximizing and sustaining this benefit. The webcast recording is available from Thursday, July 20, as our R&D specialists discussed the following:

• Updates to R&D tax policy, including the interplay of section 174 with the section 41 R&D credit
• Recent court cases that may affect how taxpayers determine and substantiate R&D credit claims
• IRS and state taxing authority activity