TAXLITIGATOR – Tax Controversy (Civil & Criminal) Report

We are pleased to announce that Dennis Perez, Sandra Brown and Evan Davis will be speaking at the upcoming CalCPA webinar, “Research and Development Tax Credits: IRS Scrutiny of Qualified Research Activity and Related Expenses” on Tuesday, May 10, 2022, 9:00 a.m. – 10:00 a.m. (PST).

Research and development (R&D) is the lifeblood of a growing and prosperous economy, and many businesses perform some type of research and development. IRC §41 creates incentives for increased R&D activities in the form of tax credits for companies involved in qualified research activities. Businesses that consider R&D tax credits soon learn, however, that the potential benefits may come at a price. This program’s learning objectives include understanding how to navigate IRC §41’s abundant and changing requirements and challenges as well as the Internal Revenue Service’s increased focus on potential abuses of the R&D tax credit. Taxpayers and their tax advisors need to be prepared even when they are merely taking advantage of a tax benefit to which they are entitled. More easily identify key strategies to minimize exposure from IRS examinations of R&D credits.

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