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Course Details

Overview of Topics

  • History of the R&D Tax Credit20 mins
  • Which are the Qualifying Research Activities?25 mins
  • Which are the Qualifying Research Expenses for R&D Tax Credit?33 mins
  • Key Methods for Computing the Credit40 mins
  • PATH Act and The Tax Cuts and Jobs Act Updates48 mins
  • Which are the IRS Audit Concerns?56 mins

Why You Should Attend ?

If you have relationships with small and medium size business owners this is a great opportunity to add serious value to your current job or practice.

Course Description

  1. This webinar will include, a brief history of the research tax credit. This presentation is for individuals who have limited knowledge of the Credit for Increasing. This will include, a brief history of the research tax credit, detailed examples of qualifying activities, clarification of what expenses qualify and lastly how the benefit works.

Learning objectives

  • Identify the key factors for identifying qualified R&D activities and expenditures
  • Learn how the R&D tax credit is calculated using two methods
  • Learn about the new regulations for small businesses – AMT & payroll tax offset
  • Discover how R&D tax credits can benefit your clients

About Presenter

Steve Powers, MBA

President,Intrepid Advisors LLC

[email protected]

Steve Powers became President and owner of Intrepid Advisors early in 2009, following many years serving as the Managing Director while the company operated as CCR Cost Recovery Services, a subsidiary of Carlin Charron & Rosen LP.  Prior to his joining Intrepid Advisors, Steve held a position as VP of Engineering as O.S. Walker of Worcester, MA where he gained valuable manufacturing and product development experience. Steve has expert-level knowledge regarding the IRS regulations for federal and state research credits and has successfully supported his clients through hundreds of audits.

Intrepid Advisors is a specialized business consulting firm offering expertise and advisory services regarding the federal and state research and development tax credits to manufacturing and technology companies.
Over the past 25 years, Intrepid Advisors has been highly successful in obtaining the maximum allowable R&D Tax Credits for our clients who are located in both the United States and Canada. Our outstanding success rate, which speaks for itself, stems from our extensive knowledge and experience relating to the tax regulations associated with the R&D tax credits, and our expert staff comprised of senior engineers, scientists, tax accountants and other technical advisors who have worked in a variety of industries.

Review Questions

  • Question 1 : 00:17
  • Question 2 : 00:35
  • Question 3 : 00:55
  1. In the opinion of the speaker qualifying activities for the R&D Tax Credit is required to meet which one of the following?
  2. According to the Regular Credit (RC) Method of calculating Research and Development Tax Credit, the credit amount is capped at ____ % of the Qualified Research Expenditure?
  3. According to FICA Tax offset rules, the maximum amount of payroll offset allowed is limited to ______.
  1. According to Technological in Nature Test, the activities performed for the qualifying research activities must rely on which of the following principles?
  2. Which one of the following expenses would not be qualified research employee wages?
  3. According to the Alternative Simplified Credit (ASC) Method of calculating Research and Development Tax Credit, the base amount is equal to which one of the following?
  4. For the Research and Development Tax Credits under AMT offset. which one of the following cannot be the eligible small business?
  5. Which one of the following is an IRS audit concern for a business applying for Research and Development Tax Credits?

FAQ

  • myCPE self-study courses are online.
  • The self-study format allows you to access the material online 24/7 and study at your own pace.
  • As per NASBA guidelines, you have one year from date of registration to complete each program.
  • Complete your final exam at any time and get CPE Credit instantly. You can retake the exam multiple times without any additional charges.
  • Course have minimum passing score of 70% and test takers will not be provided feedback on failed exams.
  • Upon achieving a passing score, test takers will be notified of the correct answers to the questions missed.
  • These are Live recorded presentations converted into Self Study (On-Demand Videos).

Refund/Cancellation Policy

  • For more information regarding refund, complaint and program cancellation policies, please contact our offices at 646-688-5128
  • Please email to [email protected] in case of any self study program queries.

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MY-CPE LLC, 1600 Highway 6 South, Suite 250, Sugar Land, TX, 77478

MY-CPE LLC (Sponsor Id#: 143597) 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 website: www.NASBARegistry.org.

IRS Approved

MY-CPE LLC, 1600 Highway 6 South, Suite 250, Sugar Land, TX, 77478

MY-CPE LLC (Sponsor Id#: GEHNZ) has entered into an agreement with the Internal Revenue Service, to meet the requirements of 31 Code of Federal Regulations, section 10.6(g), covering maintenance of attendance records, retention of program outlines, qualifications of instructors, and length of class hours. This agreement does not constitute an endorsement by the IRS as to the quality of the program or its contribution to the professional competence of the enrolled individual. Credit earned by attendees with a PTIN will be reported directly to the IRS as required of all providers. To ensure your CPE hours are reported, update your profile in My Account to include your PTIN number. Please note: IRS CE is only mandatory for EAs and ERPAs. For all other tax return preparers, CE is voluntary

CTEC Approved

MY-CPE LLC, 1600 Highway 6 South, Suite 250, Sugar Land, TX, 77478

MY-CPE LLC has been approved by the California Tax Education Council to offer continuing education courses that count as credit towards the annual “continuing education” requirement imposed by the State of California for CTEC Registered Tax Preparers. A listing of additional requirements to register as a tax preparer may be obtained by contacting CTEC at P.O. Box 2890, Sacramento, CA, 95812-2890, toll-free by phone at (877) 850-2832, or on the Internet at www.ctec.org.

  • Cost FREE
  • CPE Credits 1
  • CE Credits 1
  • IRS Course ID GEHNZ-T-00045-19-S
  • CTEC Course ID 6273-CE-0097
  • Subject Area Taxes
  • Course Level Basic
  • Instructional Method QAS Self Study
  • Prerequisites None
  • Advanced Preparation None
  • Recorded Date October 18 ,2019
  • Published Date December 27 ,2019
  • Who should attend? Tax Practitioners Accountant CFO/Controller Business Owner CPA - Small Firm CPA - Mid Size Firm Accounting Firm Tax Pros Auditors Tax Firm Young CPA Entrepreneurial CPA Outsourced CFO Accounting Practice Owners
  • Handout Material Download
  • Key Terms Download