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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