Learning Objectives: The Research and Development Tax Credit (R & D Tax Credit) is a great opportunity for businesses to reduce their tax liability. It's the most effective way to grow a business to allow them to hire new employees, invest in new products, and grow their operations.
More and more tax professionals are exploring if the R & D tax credit can help their clients.
In this webcast, we explore what the R & D credit is used for, who may qualify, and how you as a tax professional can add R & D tax planning as an income-producing service.
Join R & D tax experts Patrick Shelley and Ross Cunningham as they walk you through the history and possible scenarios of how this credit might apply to your clients.
We will cover:
- The history of the R & D Tax Credit
- The PATH Act
- Tax Cuts & Jobs Act
- IRC Section 41 - Qualified Research Activities
- Four-Part Test
- Statutory Exclusions
- Client Expenditures on Qualified Research Activities
- Regular versus Alternative Method
- How to offer R & D Tax Planning to your clients
- Potential limitations and special circumstances
- Identifying typical Industries that qualify
- Case studies
- Start-up provision
- Common objections
Tax professionals interested in joining our referral program can get more information at the link below.
CPE Hours: Federal Tax Subject = 1 CPE Credit / Total = 1 CPE Credit
Accreditation: CTEC, IRS, Enrolled Agents, NASBA-QAS CPAs
Field of Study: Federal Tax Subject
Publication Date: 9/7/2021
Instructional Delivery Method: Group Internet-Based
Advanced Preparation: No Advanced Preparation Required
Speaker: Patrick Shelley, Ross Cunningham
Webinar Material: A copy of the PDF is available for download under the Additional References tab.
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