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WEBINAR DOWNLOAD

Tax Update: New R&D Tax Credit Rules

Presented by:
Trost_New_150

Eric Trost, CPA, MST

Principal

SVA Certified Public Accountants

Michael Maroney

Michael Maroney

Director, Research & Development Tax Credit Services

KBKG

Webinar details:

This presentation discussed the change in tax treatment of research and experimental (R&E) expenses as the result of the new tax regulations. There are significant impacts on how taxpayers claim and defend R&D credits. Prior to 2022, taxpayers were able to deduct or capitalize and amortize domestic or foreign R&E expenditures. The updated Section 174 guidelines changed that.

Our presenters discussed:

  • A brief history of IRC Section 174 and the definition of R&E expenses
  • The previous tax treatment related to Section 174 as well as changes resulting from the TCJA
  • Limitations on availability and use of the credit
  • The treatment of expenses for companies “carrying on” a trade or business versus “in connection with” a trade or business

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Awards and Affiliations

Forbes Names SVA as 2021 America's Best Accounting Firms
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