A deep dive into IRS R&D ASC 730 Directive and what it means for you
A deep dive into IRS R&D ASC 730 Directive and what it means for you
WEBCAST

A deep dive into IRS R&D ASC 730 Directive and what it means for you

Nov 30, 2017 14:00

Webcast overview:

A recent Large Business & International (LB&I) Directive provides a safe harbor for taxpayers to compute Qualified Research Expenditures (QREs) using the amount currently expensed on the taxpayer’s financial statements pursuant to ASC 730, with certain adjustments. While intended to lessen the administrative and compliance burden on taxpayers and the Internal Revenue Service (IRS), the Directive may pose new challenges previously not encountered in computing the research credit. Before following the Directive, taxpayers should fully understand its requirements and assess the benefits and risks specific to their situation.

Join us for our Webcast, where senior-level professionals from KPMG LLP (KPMG) Washington National Tax and Research Credit Services practices, with extensive knowledge in the research credit and IRS practice, procedure, and dispute resolution areas, will present:

  • An overview of the LB&I Directive
  • Detailed discussion of how to determine QREs under the Directive 
  • Practical challenges and insights to date
  • New recordkeeping requirements
  • Recent developments
  • How to assess the potential benefits and risks of the Directive.

Speakers:

Michael Brossmer

Michael Brossmer

Partner, Co-leader, Research Credit, KPMG (US)

+1 408-367-4127
Edward Jankun

Edward Jankun

Managing Director, Co-leader, Research Credit, KPMG (US)

+1 704-371-8090
Curtis Wilson

Curtis Wilson

Director, Practice, Procedure, and Administration, Washington National Tax, KPMG LLP (U.S.)

+1 202-533-3376
Jaime C. Park

Jaime C. Park

Attorney, Office of Chief Council, ITA, IRS

Tyrone Montague

Tyrone Montague

Managing Director, Tax Credits & Energy Advisory, KPMG (US)

+1 212-954-6818