Webcast overview
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
Cheryl Teifer
Director, Field Operations, Engineering Eastern Compliance Practice Area, LB&I
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