With the release of the revised Form 6765, there are significant changes of which businesses claiming the R&D Tax Credit need to be aware of. The new Form 6765 requires more detailed information regarding the R&D projects being performed, which can be complex and time-consuming to file accurately. Additional changes were also recently made for companies filing amended returns.
In this video we break down the different sections of the new Form 6765, highlight key changes and requirements and provide guidance to help businesses accurately claim their R&D Tax Credit.
We will explore the increased qualitative and quantitative information required for claiming qualified research expenses and R&D controlled group members, and how it relates to the current administration of R&D Tax Credit examinations by the Internal Revenue Service (IRS). Discussions will include potential approaches for taxpayers to comply with the anticipated changes to Form 6765. The information presented in this webcast is relevant for taxpayers with original and amended-return R&D Tax Credit claims, those under examination and those considering future R&D Tax Credits.
Learning Objectives:
- Understand the key changes and requirements of the new Form 6765 for R&D Tax Credit.
- Learn how to accurately fill out the different sections of the form, including Section G for business component information.
- Gain insights from our R&D Tax Credit team on how to maximize your benefits and avoid common pitfalls when claiming the R&D Tax Credit.
