The current environment for R&D credit claims: a review of the latest guidance

Recent court decisions underscore the growing importance of detailed, comprehensive documentation in sustaining an R&D credit claim. This increased focus is reflected in how the IRS examines R&D credits and how the IRS Independent Office of Appeals’ (Appeals) settlements are determined. On this webcast, we will review court decisions and the IRS’s current administration of amended return R&D credit claims, provide observations about R&D credit examinations and appeals, and highlight some state R&D credit activity.

This webcast is relevant to taxpayers with original and amended return R&D credit claims, taxpayers under examination and taxpayers contemplating R&D credit claims in the future. Understanding the current judicial, examination and Appeals environment will help taxpayers anticipate what will be required to sustain an R&D credit.

The following topics will be discussed:

• Recent R&D credit court decisions
• IRS’s administration of amended return R&D credit claims
• Latest examination and Appeals experiences
• State R&D credit news

Panelists

• Alexa Claybon, Principal, National Tax Department, Ernst & Young LLP
• Trevor Wetherington, Managing Director, Tax Policy & Controversy, Ernst & Young LLP
• Cate Stewart, Senior Manager, National Tax Department, Ernst & Young LLP

Moderator

• Craig Frabotta, Principal, National Tax Department, Ernst & Young LLP & EY Global Research Credit Leader

EY webcast managed and produced by Ernst & Young LLP’s Tax Technical Knowledge Services Group, Washington, DC: Lynn Fairfax