United States

A Deep Dive into IRS R&D ASC 730 Directive and What it Means for You

Thursday November 30, 2017 2:00 PM - 3:30 PM EST
From KPMG TaxWatch

KPMG TaxWatch

Launch replay

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.

Edward Jankun

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

Michael Brossmer

Partner and Co-leader, Research Credit 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

Curtis Wilson

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