HomeWebcastResearch and Development Tax Credit Explored
Research and Development Tax Credit CLE

Research and Development Tax Credit Explored

Live Webcast Date: Friday, February 04, 2011 from 12:00 pm to 2:00 pm (ET)
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Research and Development Tax Credit

Join us for this Knowledge Group Research and Development Tax Credit Webinar. The Obama Administration has been striving to make the Research and Development (R&D) tax credit as a permanent part of the Tax Code. In addition to that, the administration has proposed to expand the credit by about 20%, allocating about $100 billion over the next ten years to leverage additional R&D investment.

There has been a long standing debate about the uncertainty and complexity of this tax credit. Who qualifies? What qualifies? To help walk you through the fundamentals of R&D tax credit, The Knowledge Group has assembled a panel of experts who will share their insights in a 2-hour, webcast. They will examine the most significant issues in the mix including:

  • How the R&D tax credit works
  • Methods of calculating R&D tax credit
  • Overview of the eligibility criteria
  • Supporting documentation for eligibility
  • Qualified R&D activities
  • Claiming process
  • Other critical issues
  • Up-to-the-minute regulatory updates

Enrol in this course today by clicking the “Register” button below. Discounts are available to those who register in advance.

Agenda

SEGMENT 1:

R. Ashley Thompson, Managing Consultant

BKD, LLP

  • What qualifies for the credit, calculation piece
  • Overview of Eligible Costs – Wages, Supplies, & Contract Research
  • Methods of Calculating the Credit – Regular Method vs. Alternative Simplified Method
  • Credit Calculation – Practical Issues and Common Pitfalls

SEGMENT 2:

Roseann M. Cutrone, Counsel

Skadden, Arps, Slate, Meagher & Flom LLP

Controversial Issues in the Audit of the R&E Credit

  1. Tier I Issue
  2. Substantiation Requirement
  3. Frequent Substantive Areas of Dispute
    1. Supervisor Issue
    2. Manufacturing Process Issue
    3. Supplies

SEGMENT 3:

Kathleen L. King, Managing Director – Research Credit and Incentive Services

Alvarez and Marsal Taxand, LLC

  • Nexis issues and practical suggestions of dealing with that
  • IRS audit updates

SEGMENT 4:

Brett Ritter ,

PricewaterhouseCoopers

Areas of contention identified within the GAO report:

  1. Level of Innovation and meaning of "information available to the taxpayer" – Union Carbide
  2. Internal Use Software – definition and qualification standard – FedEx
  3. Late stage testing of products and production processes – Union Carbide
  4. Qualified Supplies – TG Missouri, Trinity Industries
  5. Definition of Gross Receipts – Proctor and Gamble, Hewlett Packard
  6. Substantiation of the Credit – McFerrin, Union Carbide

SEGMENT 5:

Betsy Mullins , SVP, Policy and Political Affairs,

TechNet

  • Lobbying
  • Machinations in Congress
  • Planning long term on a credit that’s extended ona yearly basis

Who Should Attend

  • CPAs
  • Lawyers
  • Research and Development Industry
  • Information Technology/Software Industry
  • Tax Directors/Analysts
  • Tax Consultants
  • Tax Advisors
  • Senior Executives
  • Financial Executives/Officers
  • Economists

Research and Development Tax Credit

SEGMENT 1:

R. Ashley Thompson, Managing Consultant

BKD, LLP

  • What qualifies for the credit, calculation piece
  • Overview of Eligible Costs – Wages, Supplies, & Contract Research
  • Methods of Calculating the Credit – Regular Method vs. Alternative Simplified Method
  • Credit Calculation – Practical Issues and Common Pitfalls

SEGMENT 2:

Roseann M. Cutrone, Counsel

Skadden, Arps, Slate, Meagher & Flom LLP

Controversial Issues in the Audit of the R&E Credit

  1. Tier I Issue
  2. Substantiation Requirement
  3. Frequent Substantive Areas of Dispute
    1. Supervisor Issue
    2. Manufacturing Process Issue
    3. Supplies

SEGMENT 3:

Kathleen L. King, Managing Director – Research Credit and Incentive Services

Alvarez and Marsal Taxand, LLC

  • Nexis issues and practical suggestions of dealing with that
  • IRS audit updates

SEGMENT 4:

Brett Ritter ,

PricewaterhouseCoopers

Areas of contention identified within the GAO report:

  1. Level of Innovation and meaning of "information available to the taxpayer" – Union Carbide
  2. Internal Use Software – definition and qualification standard – FedEx
  3. Late stage testing of products and production processes – Union Carbide
  4. Qualified Supplies – TG Missouri, Trinity Industries
  5. Definition of Gross Receipts – Proctor and Gamble, Hewlett Packard
  6. Substantiation of the Credit – McFerrin, Union Carbide

SEGMENT 5:

Betsy Mullins , SVP, Policy and Political Affairs,

TechNet

  • Lobbying
  • Machinations in Congress
  • Planning long term on a credit that’s extended ona yearly basis

Research and Development Tax Credit

Research and Development Tax Credit

R. Ashley ThompsonManaging ConsultantBKD, LLP

Ashley Thompson leads BKD’s Research & Experimentation Tax Credit Services and spends 100% of his time in this arena. He has conducted studies for several manufacturers, including those in the furniture, electronics, automotive and aerospace industries. Ashley’s responsibilities include overseeing engagements, reviewing studies conducted by professionals at BKD, providing audit support during Internal Revenue Service exams and state agency exams, assisting clients with the development of improved strategies for capturing credits on a go-forward basis and managing the overall research tax credit practice.

Ashley has been instrumental in training BKD personnel in other BKD offices about research and experimentation services. He is further responsible for maintaining relationships with alliance firms that outsource their research tax credit services to BKD.

Ashley is a regular speaker at seminars and conferences, including the Indiana Tax Conference, and has given several presentations for other CPA and law firms. He also has authored articles for BKD newsletters and the National Association of Manufacturers (NAM) Leadership for Manufacturers magazine.

Ashley is a 2001 graduate of Wabash College, Crawfordsville, Indiana, with a B.A. degree in economics.

Research and Development Tax Credit

Roseann M. CutroneCounselSkadden, Arps, Slate, Meagher & Flom LLP

Roseann M. Cutrone’s practice involves controversy, planning, policy and legislative work focusing on a variety of issues, including the U.S. tax treatment of intellectual property (IP) transactions. In particular, she has considerable experience advising clients in the area of joint venture IP licensing transactions and in the area of the R&E tax credit, including the representation of numerous clients in making R&E credit claims as well as defending such claims at the audit and appeals stages before the Internal Revenue Service.
In addition, Ms. Cutrone counsels clients on the various U.S. and international information reporting and withholding requirements. She has experience undertaking compliance reviews and remediation efforts and in setting up best practices procedures.
Ms. Cutrone has co-authored several articles, including two published in Tax Notes: one on tax deferral and one on the export source rule.

Research and Development Tax Credit

Kathleen L. KingAlvarez and Marsal Taxand, LLC

Kathleen King is based in Taxand USA where she is a Managing Director with Alvarez & Marsal’s Taxand, LLC. She focuses on assisting clients in claiming, and documenting and sustaining tax incentives including research tax credits, domestic production deductions and fixed asset treatment.

With over 15 years of experience, Kathleen’s projects have ranged from targeted consulting engagements designed to address a specific issue to large-scale projects utilizing engagement teams working concurrently in multiple locations. She has advised clients across a variety of industries including aerospace and defence, food products, manufacturing, pharmaceutical products, and software.

Prior to joining A&M, Kathleen was a senior manager with KPMG, where she served as a National Resource for the Research Credit Services team. Previously, she was with Arthur Andersen. Kathleen was also a member of each firm’s national Research Tax Incentives team.

Kathleen earned her bachelor’s degree in Mineral Land Management from the University of Colorado and her master’s degree in Accounting from American University in Washington, D.C. She is a Certified Public Accountant (CPA).

Research and Development Tax Credit

Brett RitterDirector, Tax Projects Delivery GroupPricewaterhouseCoopers, LLP

Brett Ritter is a Director within PricewaterhouseCoopers, LLP’s (PwC) Tax Projects Delivery Group. He focuses exclusively on securing federal and state research tax credits for his clients. With 12 years of experience within the public accounting industry, Brett has significant experience working in the research tax credit arena and has secured research tax credits for clients within the aerospace and defense, high-tech, pharmaceutical, automotive, chemical, software, consumer products, manufacturing, and financial services industries. In addition to serving his clients, Brett also serves as an instructor at numerous firm-sponsored learning events, educating specialists and non-specialists on issues and developments regarding federal research tax credits. Brett is a CPA in Georgia and Texas and works out of the PwC Atlanta office.

Research and Development Tax Credit

Betsy MullinsSVP, Policy and Political AffairsTechNet

Betsy Mullins is Senior Vice President for Policy and Political Affairs at TechNet, the bipartisan political network of tech CEOs that promotes the growth of the innovation economy. For almost 20 years, Mullins has held a variety of communications, policy and management positions in Democratic politics.

Prior to TechNet, she was the Deputy Director of the Democratic Governors Association during the 2006 cycle when Democrats won the majority of governorships for the first time since 1994. She has also managed public affairs campaigns for New York-based agency SS+K, and produced campaign ads at the Dixon Davis Media Group.

During the Clinton Administration, Mullins served as the Deputy Chief of Staff for Energy Secretary Bill Richardson and as executive director of his external advisory board. She also worked in the political affairs shop of Vice President Al Gore. On the Hill, she was press secretary to Sen. Jack Reed (D-RI). Mullins started her DC career working for Rep. Vic Fazio (D-CA) at the Democratic Communications Campaign Committee. She went on to serve as his communications director and as the executive director the Democratic Caucus. Mullins started her professional life as a business reporter in Miami for three years.

An Ohio native, Mullins earned her bachelor’s degree in political science at Mount Holyoke College and a master’s degree in international political economy at the London School of Economics.


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Research and Development Tax Credit

Course Level:
   Intermediate

Advance Preparation:
   Print and review course materials

Method Of Presentation:
   On-demand Webcast

Prerequisite:
   NONE

Course Code:
   104088

Total Credits:
    2.0 CLE

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About the Knowledge Group

The Knowledge Group

The Knowledge Group has been a leading global provider of Continuing Education (CLE, CPE) for over 13 Years. We produce over 450 LIVE webcasts annually and have a catalog of over 4,000 on-demand courses.

About the Knowledge Group

The Knowledge Group

The Knowledge Group has been a leading global provider of Continuing Education (CLE, CPE) for over 13 Years. We produce over 450 LIVE webcasts annually and have a catalog of over 4,000 on-demand courses.

About the PwC network
PwC firms provide industry-focused assurance, tax and advisory services to enhance value for their clients. More than 161,000 people in 154 countries in firms across the PwC network share their thinking, experience and solutions to develop fresh perspectives and practical advice. See www.pwc.com for more information.

Website: https://www.pwc.com/

Ashley Thompson leads BKD’s Research & Experimentation Tax Credit Services and spends 100% of his time in this arena. He has conducted studies for several manufacturers, including those in the furniture, electronics, automotive and aerospace industries. Ashley’s responsibilities include overseeing engagements, reviewing studies conducted by professionals at BKD, providing audit support during Internal Revenue Service exams and state agency exams, assisting clients with the development of improved strategies for capturing credits on a go-forward basis and managing the overall research tax credit practice.

Ashley has been instrumental in training BKD personnel in other BKD offices about research and experimentation services. He is further responsible for maintaining relationships with alliance firms that outsource their research tax credit services to BKD.

Ashley is a regular speaker at seminars and conferences, including the Indiana Tax Conference, and has given several presentations for other CPA and law firms. He also has authored articles for BKD newsletters and the National Association of Manufacturers (NAM) Leadership for Manufacturers magazine.

Ashley is a 2001 graduate of Wabash College, Crawfordsville, Indiana, with a B.A. degree in economics.

Roseann M. Cutrone’s practice involves controversy, planning, policy and legislative work focusing on a variety of issues, including the U.S. tax treatment of intellectual property (IP) transactions. In particular, she has considerable experience advising clients in the area of joint venture IP licensing transactions and in the area of the R&E tax credit, including the representation of numerous clients in making R&E credit claims as well as defending such claims at the audit and appeals stages before the Internal Revenue Service.
In addition, Ms. Cutrone counsels clients on the various U.S. and international information reporting and withholding requirements. She has experience undertaking compliance reviews and remediation efforts and in setting up best practices procedures.
Ms. Cutrone has co-authored several articles, including two published in Tax Notes: one on tax deferral and one on the export source rule.

Kathleen King is based in Taxand USA where she is a Managing Director with Alvarez & Marsal’s Taxand, LLC. She focuses on assisting clients in claiming, and documenting and sustaining tax incentives including research tax credits, domestic production deductions and fixed asset treatment.

With over 15 years of experience, Kathleen’s projects have ranged from targeted consulting engagements designed to address a specific issue to large-scale projects utilizing engagement teams working concurrently in multiple locations. She has advised clients across a variety of industries including aerospace and defence, food products, manufacturing, pharmaceutical products, and software.

Prior to joining A&M, Kathleen was a senior manager with KPMG, where she served as a National Resource for the Research Credit Services team. Previously, she was with Arthur Andersen. Kathleen was also a member of each firm’s national Research Tax Incentives team.

Kathleen earned her bachelor’s degree in Mineral Land Management from the University of Colorado and her master’s degree in Accounting from American University in Washington, D.C. She is a Certified Public Accountant (CPA).

Brett Ritter is a Director within PricewaterhouseCoopers, LLP’s (PwC) Tax Projects Delivery Group. He focuses exclusively on securing federal and state research tax credits for his clients. With 12 years of experience within the public accounting industry, Brett has significant experience working in the research tax credit arena and has secured research tax credits for clients within the aerospace and defense, high-tech, pharmaceutical, automotive, chemical, software, consumer products, manufacturing, and financial services industries. In addition to serving his clients, Brett also serves as an instructor at numerous firm-sponsored learning events, educating specialists and non-specialists on issues and developments regarding federal research tax credits. Brett is a CPA in Georgia and Texas and works out of the PwC Atlanta office.

Betsy Mullins is Senior Vice President for Policy and Political Affairs at TechNet, the bipartisan political network of tech CEOs that promotes the growth of the innovation economy. For almost 20 years, Mullins has held a variety of communications, policy and management positions in Democratic politics.

Prior to TechNet, she was the Deputy Director of the Democratic Governors Association during the 2006 cycle when Democrats won the majority of governorships for the first time since 1994. She has also managed public affairs campaigns for New York-based agency SS+K, and produced campaign ads at the Dixon Davis Media Group.

During the Clinton Administration, Mullins served as the Deputy Chief of Staff for Energy Secretary Bill Richardson and as executive director of his external advisory board. She also worked in the political affairs shop of Vice President Al Gore. On the Hill, she was press secretary to Sen. Jack Reed (D-RI). Mullins started her DC career working for Rep. Vic Fazio (D-CA) at the Democratic Communications Campaign Committee. She went on to serve as his communications director and as the executive director the Democratic Caucus. Mullins started her professional life as a business reporter in Miami for three years.

An Ohio native, Mullins earned her bachelor’s degree in political science at Mount Holyoke College and a master’s degree in international political economy at the London School of Economics.

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