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Preparing for Changes to R&D Tax Credit Form 6765: A Discussion With the IRS
September 24, 2024 @ 1:00 pm – 2:00 pm EDT
The revised Form 6765, Credit for Increasing Research Activities, is expected to bring significant changes to how the R&D tax credit is claimed and how research activities and expenses are reported. The proposed changes represent an ongoing effort by the IRS to enhance the consistency and quality of information provided by taxpayers claiming the research credit.
In September 2023 the IRS released a preview of the proposed form changes, which added two new sections seeking detailed information about business components for both quantitative and qualitative reporting, added new questions seeking various information, and reordered some of the existing fields on the form. In June 2024 the IRS announced a revised draft version of Form 6765 to address comments from external stakeholders related to the burden for all taxpayers, regardless of size, to comply with these new requirements.
Join presenters from BDO, McDermott Will & Emery, and the IRS to learn what taxpayers should be doing now to prepare and to be compliant with the proposed form changes. Our esteemed panelists will address frequently asked questions about the new Form changes and share their first-hand perspectives. This session will equip participants with the knowledge to evaluate how best to integrate compliance with these reporting requirements into their R&D Credit claim processes.
CLE Credit will be offered to webcast attendees who qualify from McDermott Will & Emery.
