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R&D Credits – The Updated IRS LB&I ASC 730 R&D Directive

October 2, 2020 @ 2:00 pm - 3:00 pm EDT

Free
KPMG CPE Webinar

Participants of the live webinar will be eligible for 1 free CPE credit.

Register Here

The IRS Large Business & International (“LB&I”) group just issued revised guidance for LB&I examiners when reviewing the amounts claimed for the section 41 R&D tax credit.  The September 10, 2020 (released to the public on September 15) guidance (and related FAQs) to auditors modifies a Directive issued in September of 2017.

KPMG professionals will discuss a variety of topics including:

  • What changes did the updated Directive make?
  • Why did the IRS update the Directive?
  • What have been some recent taxpayer experiences regarding application of the original Directive?
  • What are the practical impacts of the Directive updates?
  • How does this impact my FIN 48 reserves for past / future R&D credits?

Featured speakers

Edward Jankun

Edward Jankun

Managing Director, Co-leader, Credit Services, KPMG US

Tony Coughlan

Tony Coughlan

Managing Director, Tax Credit and Energy, KPMG US

Michael Dolan

Michael Dolan

Director, IRS Policies & Dispute Resolution, KPMG US

Debbie Heard

Debbie Heard

Partner, Accounting Methods and Credit Services, KPMG US

Tyrone Montague

Tyrone Montague

Managing Director, Tax Credits & Energy Advisory, KPMG US

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