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R&D tax credit readiness: Updated expensing guidance, transition rules and key deadlines
May 13 @ 1:00 pm – 2:00 pm EDT
The federal research and development (R&D) tax credit landscape is shifting fast, and recent guidance is changing how companies plan, expense, and document innovation investments. This session delivers a practical and timely overview of the federal R&D tax credit, with a focus on key updates and critical deadlines as emphasized in H.R. 1 (the One Big Beautiful Bill Act) and Revenue Procedure 2025-28.
Section 174 expensing rules for research and experimental expenditures are now a central planning and compliance issue. We’ll break down the new requirements, clarify transition rules, and explain how these changes impact documentation, forecasting and audit readiness.
Learning objectives:
- Focus on the upcoming July 6, 2026, deadline for amended returns and updated rules for R&D expenditures under Section 174.
- Leverage Revenue Procedure 2025-28 guidance to navigate the transition period.
- Identify qualifying activities and define documentation approaches that support credit claims and compliance.
- Recognize common implementation challenges and evaluate practical options to address them.
- Translate legislative and procedural updates into actionable tax planning and reporting decisions.
Whether you’re encountering these updates for the first time or tightening up your existing approach, you’ll leave this session with a clear picture of what’s changed and how to turn legislative complexity into an actionable opportunity for your clients.
Level:
Basic
Instructional method:
Group internet-based
NASBA field of study:
Taxes
Program prerequisites:
None
Advance preparation:
None
Note:ย CPE is only available for attending the live event, on-demand viewing is not eligible.
