Transitioning R&D Expenses: Implementing New Section 174 Capitalization Requirements
Identifying Assets, Applying Rev Proc 2023-11 for Automatic Changes, Current IRS Audit Trends
Note: CLE credit is not offered on this program
Recording of a 110-minute CPE webinar with Q&A
This webinar will discuss identifying Section 174 assets, the new capitalization requirements, qualifying for the automatic method change under Revenue Procedure 2023-11, and the current state of IRS R&D audits. Our notable panel will provide advice on transitioning to the new guidelines for businesses and tax advisers.
Outline
- Background: R&D policy changes
- Implementing Section 174 capitalization
- Evaluating uncertainty to determine inclusion
- Revenue Procedure 2023-11 for automatic method change
- Included costs
- R&D audit trends
Benefits
The panel will review these and other key issues:
- Steps to facilitate the transition to capitalizing R&D expenditures
- Qualifying for the automatic method change under Revenue Procedure 2023-11
- Identifying business activities and assets subject to the new capitalization requirements
- The current state of IRS audits of R&D deductions and credits
Faculty

James Graf, CPA
Managing Director
PwC US
Mr. Graf is a managing director who has over 20 years of experience in managing, directing, and defending research tax... | Read More
Mr. Graf is a managing director who has over 20 years of experience in managing, directing, and defending research tax credits as well as reviewing meals and entertainment expenditures to be deducted for tax purposes. He has vast experience in software, engineering, manufacturing and transportation industries. Mr. Graf is a leader for inbound companies performing R&D in the US. He has extensive technical knowledge in the research tax credit and has taught courses for the USC Tax Institute, Perpetual Learning Corporation, and internally at PwC.
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Jamie Overberg
Partner
TaxOps Minimization
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 engagements
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CPE credit is not available on downloads.
CPE On-Demand