R&E Expenditures After OBBBA
Deducting Unamortized Costs and Maximizing the R&D Credit
Note: CLE credit is not offered on this program
Recording of a 110-minute CPE webinar with Q&A
This webinar will analyze the savings opportunities presented by the One Big Beautiful Bill Act (OBBBA) for domestic entities amortizing research and experimentation costs under Section 174. Our panel of knowledgeable tax professionals will review and weigh the new catch-up provisions and discuss the overall qualifying and reporting requirements of this complex but lucrative tax credit.
Outline
- R&E expenditures after OBBBA: introduction
- Amended returns
- Two-year spread
- Qualifying expenses
- Qualifying activities
- Section 280C election
- Form 6765, Credit for Increasing Research Activities
- Planning scenarios
Benefits
The panel will cover these and other critical issues:
- Choosing between the two-year spread and amending returns after OBBBA
- When to elect the IRC Section 280C credit reduction
- Meeting OBBBA's small business requirements
- Preparing Form 6765, Credit for Increasing Research Activities
Faculty
Jake Gentile, CPA
Senior Manager
Brady Ware
Mr. Gentile specializes in tax and business advisory services, with an emphasis on tax compliance. Since... | Read More
Mr. Gentile specializes in tax and business advisory services, with an emphasis on tax compliance. Since joining the firm in 2017, he has demonstrated expertise across various areas, including federal compliance, multi-state taxation, pass-through entities, and individual tax planning. Mr. Gentile's client portfolio encompasses diverse industries such as dealerships, real estate, construction, and alternative investment management. His holistic approach ensures clients receive tailored solutions to navigate intricate tax landscapes effectively.
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Jonathan Tucker, MAcc, CPA
Principal
KBKG
Mr. Tucker is based in Atlanta, GA, and has over 18 years of experience providing federal business tax advisory... | Read More
Mr. Tucker is based in Atlanta, GA, and has over 18 years of experience providing federal business tax advisory services, primarily in R&D tax credits and fixed asset/cost segregation reviews, to clients in various industries including technology, manufacturing, transportation, healthcare, retail and consumer products, hospitality, media and entertainment, financial, and other professional services industries. Prior to joining KBKG to lead the southeast region, he spent four years at EY as a senior manager in their business tax advisory group, and prior to that, spent 11 years at PwC as a director in their specialized tax services group. At both EY and PwC, Mr. Tucker provided support to clients with implementation of specialized tax consulting projects including research and development tax credit studies, tangible property capitalization, section 199 deductions, meals and entertainment studies, cost segregation studies, transaction cost analysis and various tax accounting methods, including revenue and expense recognition. Mr. Tucker primarily works in the research and development tax credit, capitalization, cost segregation, and meals and entertainment areas. He is involved with consulting, technical review, training, project management and representation before the IRS.
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