State Responses to New Section 174 Requirements for R&D: Conforming and Nonconforming States
Recording of a 110-minute CPE webinar with Q&A
This webinar will discuss how federal legislative changes to the ability to deduct research and development (R&D) expenditures impact state income taxes. Our R&D credit veteran will review the current federal requirement to capitalize R&D, states' responses to these changes, best practices for deducting or amortizing R&D expenses in conforming and nonconforming states, and the state of proposed legislative corrections.
- Section 174 legislation update
- R&D costs
- State conformity
- Nonconforming states
- Conforming states
- Other states
- Implementing Section 174 capitalization requirements
- Revenue Procedure 2023-11
- Best practices
The panel will cover these and other key issues:
- What costs are included in the definition of R&D?
- Which states are nonconforming states and how is the deduction handled in these states?
- How is a change in accounting method made under Revenue Procedure 2023-11?
- What is the current status of retroactive changes to restore the R&D deduction?
As a tax partner for TaxOps Minimization, Ms. Overberg specializes in executing and managing a wide range of tax... | Read More
As a tax partner for TaxOps Minimization, Ms. Overberg specializes in executing and managing a wide range of tax minimization strategies, including all aspects of the Research and Development tax credit as well as financial reporting requirements under FAS 109 and Fin 48. In addition, she works with Section 199, Section 263A, and Section 382 analysis, calculations, and reporting. She works primarily with clients in the automotive, engineering, manufacturing, software, biotech and oil and gas sectors, and has worked on numerous R&D tax controversy engagementsClose
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CPE credit is not available on downloads.