Course Description: This course discusses research and development expenditures eligible for tax benefits and the three applicable methods for tax treatment. Coverage includes the interrelationship of the R&D deduction and credit and the components of the credit calculation. 

Course Level: Basic

Course Prerequisites: None

Delivery Method: Self-study

At the end of this course, you will be able to: 

• Define eligible research and development expenditures for tax benefits; 
• Begin to distinguish between different categories of expenditures and features and benefits of each; 
• Define eligible research and development expenditures for Section 174; 
• Begin to clarify regulations and distinguish differences with Section 174 eligible expenditures; 
• Define eligible research and development expenditures for Section 41; 
• Begin to clarify regulations and distinguish differences with Section 41 eligible expenditures; 
• Begin understanding bottom-line computations to determine deductions; and 
• Issue spot outcome-determinative watershed amendments to regulations.

CPE

1

CLE

N/A