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Live Webinar

100-minute live streaming program
  • February 19
  • 1:00 - 2:40 pm EST

Also available as:

OnDemand Webinar
Audio & Reference Manual

IRC Section 41: Credit for Increasing Research Activities Update

February 19

Gain a better understanding of the considerations and requirements of the research tax credit.

This topic will feature a discussion around one of the most complicated and misunderstood sections of the Internal Revenue Code, Section 41 - Credit for Increasing Research Activities. Our panel of experts has collectively worked on more than 500 research tax credit studies during their careers. Learn from some of the top technicians in the industry what may and may not be considered research and development under IRS guidelines. Several topics that will be discussed include understanding the broad range of companies in many industries that can qualify for the research credit, potential pitfalls, and significant opportunities to bring value to your clients or your company by using the research credit, and various elections and opportunities that can maximize the value of the credit.

Learning Objectives

- You will be able to define recent developments that have broadened the scope and application of the credit.

- You will be able to describe IRC Section 41 - Credit Requirements.

- You will be able to review documentation challenges and required actions.

- You will be able to recognize qualifying expenditures.

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Why Lorman?

Over 31 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Agenda

Overview of the Research Tax Credit
Applicability
Benefit – Federal and State
State of the Research Credit
  • Conceptual View – How the Credit Is Supposed to Affect Behavior
  • History
  • Recent Developments That Have Broadened the Scope and Application of the Credit
  • PATH Act
  • ASC 730
What Activities Qualify as Research and Development?
Excluded Activities
IRC Section 41 – Credit Requirements
  • Business Component
  • Technical Uncertainty
  • Process of Experimentation
  • Scientific Principles
Internal Use Software
  • T.D. 9786
Qualifying Expenditures
  • Wages
  • Supplies
  • Contract Research
Credit Calculation Considerations
  • Reduced Credit Election
  • General Credit Calculation
  • Alternative Simplified Credit Calculation
  • Base Period Concepts and Implications
  • Credit Carrybacks and Carryovers
Documentation Requirements
  • Case Law and Regulations
  • Challenges and Required Actions
Recent Developments
  • Case Law and Regulations
  • Regulatory Update
  • Payroll Tax Credit
Summary
  • Regulatory Mine Field, However, Tremendous Value to Business Owners
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Why Lorman?

Over 31 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Credits

OnDemand Webinar

This program format does NOT qualify, nor meet the National Standard for NASBA accreditation.

Live Webinar Registration

  • AIPB 2.0
     
  • This program is acceptable for 2.0 CPEC(s) towards the CB designation through the American Institute of Professional Bookkeepers (AIPB).
     
  • AR CLE 1.5
     
  • This course has been approved for 1.5 hours of CLE by the Arkansas CLE Board.
     
  • Arizona CLE 1.5
     
  • The State Bar of Arizona does not approve or accredit CLE activities for the Mandatory Continuing Legal Education requirement. This activity may qualify for up to 1.5 hours toward your annual CLE requirement for the State Bar of Arizona.
     
  • CA MCLE 1.5
     
  • Lorman Business Center, Inc. is a State Bar of California approved MCLE sponsor and this course qualifies for 1.5 CLE hours of participatory credit.
     
  • CO CLE 2.0
     
  • This program may qualify for 2.0 credit hours through the Colorado Supreme Court Board of Continuing Legal and Judicial Education through reciprocity. This course is accredited in other jurisdictions such as New Jersey. To receive CLE credit for this program, a home study affidavit must be submitted to the Supreme Court Board of Continuing Legal and Judicial Education.
     
  • CT CLE 1.5
     
  • Neither the Connecticut Judicial Branch nor the Commission on Minimum Continuing Legal Education approve or accredit CLE providers or activities. This course has been approved for CLE credit in jurisdictions aside from CT and therefore it automatically meets the content and delivery requirements in Connecticut. Credit is based on a 60 minute credit hour and shall be awarded as follows: 1.5 CLE credit(s).
     
  • GA CLE 1.7
     
  • This program has been approved by the Georgia Commission on Continuing Lawyer Competency for 1.7 CLE hours.
     
  • HI CLE 1.5
     
  • This program was approved by the Hawaii State Board of Continuing Legal Education for 1.5 CLE credit hours.
     
  • IL CLE 1.5
     
  • This course was approved for a total of 1.5 hours of MCLE Credit by the Illinois MCLE Board.
     
  • ME CLE 1.5
     
  • This course has been approved by the State of Maine Board of Overseers of the Bar. Lawyers who complete this course shall receive 1.5 hours of CLE credit under M. Bar R. 12.
     
  • MS CLE 1.7
     
  • This program has been approved by the Mississippi Commission on Continuing Legal Education for a maximum of 1.7 credit hours.
     
  • MT CLE 1.75
     
  • This program has been approved by the Montana Commission of Continuing Legal Education for a total of 1.75 CLE credits.
     
  • NH MCLE 1.7
     
  • NH MCLE does not approve or accredit CLE activities for the NH Minimum CLE requirement. Lorman Education Services believes this course meets the requirement of NH Supreme Court Rule 53 and may qualify for CLE credit(s). Program Length: 100 Minutes.
     
  • NJ CLE 2.0
     
  • This program has been approved by the Board on Continuing Legal Education of the Supreme Court of New Jersey for 2.0 hours of total CLE credit.
     
  • NV CLE 1.5
     
  • This program has been approved by the Nevada Board of Continuing Legal Education for 1.5 CLE hours.
     
  • PA CLE 1.5
     
  • This Distance Learning program has been approved by the Pennsylvania Continuing Legal Education Board for 1.5 hours of substantive law, practice and procedure CLE credit.
     
  • RI CLE 2.0
     
  • This program has been approved by the Rhode Island Mandatory Continuing Legal Education Commission for 2.0 hours of CLE credit.
     
  • TN CLE 1.67
     
  • This program has been approved as a distance learning format by the Tennessee Commission on Continuing Legal Education for a maximum of 1.67 hours of credit.
     
  • VT CLE 1.5
     
  • This program has been approved by the Mandatory Continuing Legal Education Board of Vermont for 1.5 hours of CLE credit.
     
  • WA CLE 1.75
     
  • This program has been approved by the Washington State Board of Continuing Legal Education for 1.75 hours of Law & Legal Procedure credit.
     
  • WI CLE 2.0
     
  • This program has been approved by the Board of Bar Examiners for 2.0 hours for use toward the Wisconsin Mandatory CLE requirement.
     
  • WV MCLE 2.0
     
  • This program has been approved by the West Virginia State Bar MCLE Commission for 2.0 MCLE hours.
     
  • CPE 2.0 including Taxes 2
     
  • Lorman Education Services is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its web site: https://www.nasbaregistry.org/cpas/complaints. For more information regarding administrative policies such as complaint and refund, please contact our offices at 866-352-9539. CPE Credit: Maximum Credit Hours: 2.0 each session (based on a 50 minute credit hour). You must attend at least 50 minutes to obtain credit. Field of Study: Taxes for 2.0 hours. Prerequisite: . Level of Knowledge: Intermediate. Teaching Method: Seminar/Lecture. Advance Preparation: None. Delivery Method: Group Internet Based. Please refer to the information in this brochure for outline, course content and objectives. Upon completion of this course, you will receive a certificate of attendance. Final approval of a course for CPE credit belongs with each state's regulatory board. Please note: In order to receive CPE credit for this course you MUST use the streaming audio option, as well as enable and complete the required progress checks.
     
  • Lorman Business Center, Inc. is a registered provider for CPA CPE through the State Education Department of New York, Sponsor number: 000640. The following course will carry the subject area of Taxation for 2.0 hours.
     
  • Lorman Business Center, Inc. has registered with the Texas State Board of Public Accountancy as a CPE Sponsor. This registration does not constitute an endorsement by the Board as to the quality of our CPE Program. This program qualifies for 2.0 hours of continuing professional education.
     

Audio & Reference Manual

This program format does NOT qualify, nor meet the National Standard for NASBA accreditation.

Who should attend?

This live webinar is designed for accountants, CFOs, controllers, accounts payable professionals, tax managers, presidents, vice presidents, business owners and managers, bookkeepers and attorneys.

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Why Lorman?

Over 31 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Faculty

Phil Dottavio, CPA, E.A., M.T.

Phil Dottavio, CPA, E.A., M.T.

Think, LLP

  • Director with the Think, LLP, based in Cleveland, Ohio and Los Angeles
  • More than 25 years of experience in individual and business taxation, including seven years with two of the Big Four accounting firms, more than 15 years in private industry, and several years in leadership and advisory roles at a number of specialty tax firms
  • Supervised numerous R&D Tax Credit Studies for clients ranging from very large corporations to smaller companies and pass-through entities
  • Prior to joining the Think, LLP, he was responsible for overseeing R&D Tax Credit Studies at the largest independently-owned full-service accounting and business consulting firm in the state of Ohio, and served as vice president of R&D Tax Credit Services at a regional specialty firm
  • Served as adjunct professor at the Cleveland State University College of Business Administration and adjunct faculty member at Brown Mackey College
  • Certified public accountant in the state of Ohio
  • Is an enrolled agent
  • Master of taxation degree, University of Denver Sturm College of Law; B.B.A. degree in accounting, Kent State University
  • Can be contacted at [email protected]
Jennifer Lantz

Jennifer Lantz

Think, LLP

  • National director in charge of Research & Development Tax Credit Services for Think, LLP, based in Cleveland, Ohio and Los Angeles
  • More than ten years of experience supervising all aspects of hundreds of research and development tax credit studies for clients of all sizes, and has a high level of expertise in developing methodologies for the collecting and processing of all the qualitative and quantitative data required in order to calculate and support research and development tax credit claims
  • Responsible for ensuring that the firm’s policies and procedures remain up to date with the most recent legislation governing the federal research and development tax credit
  • Expert in the art of effectively interviewing high level officers and other personnel in order to ascertain where otherwise hidden opportunities exist for the Research Credit
  • B.A. degree, Wittenberg University in Springfield Ohio
  • Can be contacted at [email protected]
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Product ID: 401560
Published 2016, 2018
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