United States

Research & Development (R&D) Tax Credit: A 2016 Year in Review and Outlook for 2017

Friday March 03, 2017 12:00 PM - 1:30 PM EST
From KPMG TaxWatch

KPMG TaxWatch

1.5

Event Overview

Tax reform is making headlines and the good news is that the R&D tax credit is listed as a keeper! 

There were many significant section 41 research tax credit developments during 2016. For example, last year the IRS issued final regulations on internal use software and drafted new forms to implement qualified small business (QSB) and eligible small business (ESB) incentives of the PATH Act. KPMG professionals in our Research Credit Services (RCS) practice have been closely monitoring other IRS and Treasury guidance, court cases, and the prospect of significant tax reform legislation. 

Please join KPMG’s RCS professionals as they provide an overview of the research tax credit, industry trends, and leading practices that companies should implement. 

Topics for discussion include:

  • A look back at 2016 covering final internal-use software regulations issued October 2016 and other IRS / Treasury guidance
  • A review of the application of the research credit as it relates to QSBs and ESBs
  • A look forward to 2017 to better help you prepare for the coming year
  • Pre-filing Agreements and leading practices to work with the IRS
  • Litigation update on the R&D tax credit
  • Global and state R&D tax incentive opportunities
  • Legislative outlook

Edward Jankun

Managing Director and Co-leader, Research Credit Services, KPMG LLP

Richard Marcos

Principal, Accounting Methods and Credits Services, KPMG LLP

Tyrone Montague

Managing Director, Research Credit Services, Washington National Tax, KPMG LLP

Jaime C. Park

Director, Tax Credits and Energy Advisory Services Group, KPMG LLP

Joel Schultz

Partner, Accounting Methods and Credits, KPMG LLP

Curtis Wilson

Director, Practice, Procedure, and Administration, Washington National Tax, KPMG LLP