PLAY RECORDING

Broadcast Date: Wednesday, October 19, 2022
from 3:00 pm to 4:00 pm (ET)

Overview:

On January 10, 2022, the Office of Chief Counsel IRS Memorandum Number 20214101F1 (IRS CCM) took effect requiring additional documentation for employers when filing for a research and development (R&D) refund on tax returns. The IRS CCM also provides guidance on acceptable documentation when filing R&D Credit refund claims.

While the R&D tax credits provide substantial advantages for businesses, the compliance space becomes more complex as new requirements emerge. Thus, it becomes imperative for organizations to keep themselves abreast of any further development in this field to avoid pitfalls.

Additionally, many companies are questioning the new requirement to capitalize and amortize R&D expenses in 2022.  How does this affect a company’s ability to take the R&D tax credit in 2022?

Join experienced tax professionals Mike Woeber (Corporate Tax Advisors, Inc.) and Michael Silvio (MGO, LLP) as they deep dive into the crucial changes and issues affecting R&D tax credits. This LIVE Webcast will also tackle strategies to help businesses maximize their compliance efforts.

Key topics include:

  • Recent Changes to R&D Tax Credits
  • Maximizing Credits and Opportunities
  • Steps to Take in Response to New Requirements
  • Compliance Risks
  • What Lies Ahead

Credit:

Course Level: 

Intermediate

 

Advance Preparation: 

Print and review course materials

 

Method of Presentation: 

On-demand Webcast (CLE)

 

Prerequisite:

General knowledge of tax laws.

 

Course Code: 

1410298

 

NASBA Field of Study:

Taxes – Technical

 

NY Category of CLE Credit: 

Areas of Professional Practice

 

Total Credit: 

1.0 CLE

1.0 CPE (Not eligible for QAS (On-demand) CPE credit)

Speaker Panel:

Michael Silvio, CPA, Partner
Recognized Leader in the Federal Credits and Incentives Tax Specialty

Macias Gini & O’ Connell, LLP

With more than 30 years of public accounting and tax planning experience, Michael is a tax partner at MGO. He’s served businesses in multiple industries, including hi-tech, consumer product, software, biotech, life science, healthcare, manufacturing, construction, professional service, and nonprofit.

 

Michael’s knowledge surrounding the Federal Credits and Incentives Tax has earned him the reputation as a national leader on the topic. Over the years, he’s conducted more than 450 research credit studies for companies in various industries and served as a representative before the IRS and state taxing authorities to support and defend numerous taxpayers’ research credit claims. In addition, he has helped clients save millions in taxes consulting on tax incentives related to domestic production, accounting methods, federal and state grant programs, and energy and “green” tax incentives, including energy-efficient building incentives.

Mike Woeber, President and Co-founder
Tax Advisor & Accounting Consultant

Corporate Tax Advisors, Inc.

Mike Woeber is the President and Co-founder of Corporate Tax Advisors, Inc. and is based in the CTA corporate office in Huntsville, Alabama. Mike began his career in 1989 working on the auditing and accounting team with Ernst & Young in Birmingham, Alabama. He focused on financial statement audits of publicly traded manufacturers, technology, and healthcare companies. After two years in audit Mike joined E&Y’s tax group and moved to their Huntsville, AL office. It was during his early years in Huntsville that he began advising privately held businesses on a variety of accounting and tax matters. This included financial statement audits, business tax preparation and individual tax preparation. It was during Mike’s 15 years as a tax partner with a regional firm that he began focusing on the research tax credit incentive.

In 2014, Mike and a group of close associates formed Corporate Tax Advisors, Inc., with the goal of forming a national business that was not a “traditional CPA firm.” The purpose of CTA, is, as it always has been, to operate as a specialty tax consulting firm focusing solely on assisting companies in identifying potential tax credits and unique tax strategies. These include research & development, renewable energy, and employment tax credits

Agenda:

Segment 1:

Michael Silvio, CPAPartner

Recognized Leader in the Federal Credits and Incentives Tax Specialty

Macias Gini & O’ Connell, LLP

Recent Changes to R&D Tax Credits

  • What are the new requirements imposed by the IRS on R&D Credit claims?
  • When do these requirements go into effect?
  • How can I be sure I meet these new requirements?
  • What potential changes may be in store for the R&D credit in the future?

Maximizing Credits and Opportunities

  • This webinar will explore opportunities to enhance and maximize the R&D credits you can claim.
  • This webinar will identify ways that companies can take full advantage of the credit.
  • This webinar will identify qualifying activities that may be overlooked in certain industries.
  • This webinar will discuss the interplay between the R&D credit, PPP expenses and the Employee Retention Tax Credit.

Segment 2:

Mike WoeberPresident and Co-founder

Tax Advisor & Accounting Consultant

Corporate Tax Advisors, Inc.

  • Recent changes with regard to irs reps amended returns
  • What’s the irs looking for
  • Perfection period
  • Maximizing the credit - opportunities, subject matter experts

Date & Time:

Wednesday, October 19, 2022

3:00 pm to 4:00 pm (ET)

Materials:

Download Course Materials

Who Should Attend:

  • Tax Lawyers
  • Tax Directors
  • Tax Managers
  • Tax Executives
  • Tax Associates
  • Tax Advisors and Analysts
  • Tax Compliance Officers
  • Tax Credit Professionals
  • Chief Financial Officers
  • Controllers/Comptrollers
  • Accountants
  • General Counsel

SPEAKERS

Michael Silvio, CPAPartner
Recognized Leader in the Federal Credits and Incentives Tax Specialty
Macias Gini & O’ Connell, LLP
Mike WoeberPresident and Co-founder
Tax Advisor & Accounting Consultant
Corporate Tax Advisors, Inc.

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