WEBCAST

R&D Credits – The Updated IRS LB&I ASC 730 R&D Directive and What it Means to You

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

Edward Jankun

Edward Jankun

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

Cheryl Teifer

Cheryl Teifer

Director, Field Operations, Engineering Eastern Compliance Practice Area, LB&I

Ashby Corum

Ashby Corum

Partner, Accounting for Income Taxes, KPMG US

Ashby Corum

Ashby Corum

Partner, Accounting for Income Taxes, KPMG US

Tony Coughlan

Tony Coughlan

Managing Director, Tax Credit and Energy, 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

Rachael Moore

Rachael Moore

Senior Manager, Washington National Tax, KPMG US

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