PLAY RECORDING

Broadcast Date: Wednesday, March 05, 2025
from 12:00 pm to 1:00 pm (ET)

Overview:

The Research and Development (R&D) Tax Credit is a powerful incentive designed to encourage innovation and drive success for businesses across various industries. By offering significant tax savings, these credits help companies invest in research and development activities, fostering technological advancements and improving competitiveness. Understanding how to maximize these benefits is crucial for businesses aiming to enhance their R&D initiatives and achieve sustainable growth.

Join Mike Woeber, CPA, of Corporate Tax Advisors, Inc., and Michael Silvio, CPA, of MGO, as they provide an in-depth discussion on R&D Tax Credits. The speakers will analyze the latest trends, regulatory updates, and strategies for optimizing credit claims. They will also examine common challenges businesses face in documenting and defending their R&D activities. Additionally, the panel will explore how various industries can leverage these credits to fuel innovation and drive economic success.

Key topics to be covered include:

  • Understanding the fundamentals and importance of R&D Tax Credits
  • Techniques for optimizing R&D Tax Credit claims
  • Navigating the complexities of documenting and defending R&D activities
  • Industry-specific strategies for utilizing R&D Tax Credits
  • Impact of recent regulatory changes on R&D Tax Credits

Learning Objectives:

  • Understand the fundamentals of the R&D Tax Credit and how it provides a dollar-for-dollar tax reduction for U.S. innovation investments.
  • Learn the key provisions of IRC 174 & 41, which define and determine the expenses qualifying for the R&D credit.
  • Explore the treatment of R&D expenses under IRC 174 in the event of a company merger or acquisition.
  • Gain knowledge of Form 6765, including its calculation methods and the updates introduced in the latest version.

Credit:

Course Level:

Intermediate

 

Advance Preparation:

Print and review course materials

 

Method of Presentation:

On-Demand Webcast; Group-Internet Based

 

Prerequisite:

General knowledge of tax laws

 

Course Code:

1411320

 

NASBA Field of Study:

Taxes – Technical

 

Total Credit:

CPE Credit:

1.00 CPE (Not eligible for QAS (On-demand) CPE credits)

 

CLE Credit:

CA CLE 1.00 General - Approved Until: 03/05/2027

PA CLE 1.00 General - Approved Until: 03/05/2027

VT CLE 1:00 General - Approved Until: 12/31/2026

NJ CLE 1:00 General - Credits through Reciprocity

NY CLE 1:00 Areas of Professional Practice - Credits through Reciprocity

AR CLE 1:00 General - Credits through Reciprocity

CT CLE 1:00 General - Credits through Reciprocity

NH CLE 1.00 General – Meets the requirements of NH Supreme Court Rule 53

MO CLE 1.00 General - Approved Until: 03/05/2025

 

Pending CLE Application:

GA, TN, WI

 

Self-Apply:

AL, CO, DE, FL, ID, IL, IN, IO, KS, KY, LA, NC, ME, MN, MS, MT, NE, NV, NM, ND, OH, OK, OR, SC, TX, UT, VA, WA, WV, WY

 

If you’d like us to apply for CLE, you may opt to pay the CLE processing fee here.

 

No MCLE Requirements:

DC, MD, MA, MI, SD

 

Not Eligible for CLE:

AK, AZ, HA

Speaker Panel:

Mike Woeber, CPA, CEO
Tax Advisor & Accounting Consultant
Corporate Tax Advisors, Inc.

Mike Woeber is the President and Co-founder of Corporate Tax Advisors, Inc., 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.

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

Michael Silvio’s knowledge surrounding tax credits and incentives has earned him a reputation as a national leader on the topic. His approach focuses on delivering the maximum value for credit claims and confirming the presence of defensible documentation supporting the position. He also has a strong background in tax compliance and tax planning for privately held companies across many different industries, which has earned him a reputation as a trusted resource in this area.

As a tax partner at MGO, Michael serves businesses in multiple industries, including high-tech, consumer products, software, biotech, life sciences, healthcare, manufacturing, construction, professional services, and nonprofits.

Agenda:

Michael Silvio, CPA, Tax Partner

Recognized Leader in the Federal Credits and Incentives Tax

MGO

  • R&D Tax Credit Basics – A dollar-for-dollar tax reduction for businesses investing in U.S. innovation.
  • IRC 174 & 41 – 174 defines R&E expenses; 41 determines which qualify for the R&D credit.
  • IRC 174 M&A – Treatment in the event of a purchase or sale of a company.

 

Mike Woeber, CPA, CEO

Tax Advisor & Accounting Consultant

Corporate Tax Advisors, Inc.

  • Form 6765 – Required to claim the credit, with two calculation methods: Regular vs. Alternative Simplified.
  • What's New in Form 6765 – Explanation of new sections.
  • Common Pitfalls – Avoid poor documentation, misclassified costs, and missed payroll tax election benefits.

 

Date & Time:

Wednesday, March 05, 2025

12:00 pm to 1:00 pm (ET)

Who Should Attend:

  • Chief Financial Officers
  • Tax Professionals
  • Accounting Professionals
  • R&D Managers
  • Financial Analysts
  • Compliance Officers

SPEAKERS

Mike Woeber, CPA
Mike Woeber, CPACEO
Tax Advisor & Accounting Consultant
Corporate Tax Advisors, Inc.
Michael Silvio, CPA
Michael Silvio, CPATax Partner
Recognized Leader in the Federal Credits and Incentives Tax
MGO

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