Tax Credits & Incentives Self-Study Webinar
Overview
Tax credits and incentives can provide meaningful cash flow and tax savings opportunities, but maximizing their value requires careful planning, documentation, and compliance. This self-study webinar provides a practical update on key federal credits and incentives available to businesses, with a focus on qualification requirements, documentation expectations, and integration into broader tax strategies. Participants will gain insight into:
- Key opportunities for leveraging tax credits to improve cash flow and reduce tax liability
- Best practices for documentation, substantiation, and audit preparedness
- How to incorporate credits and incentives into ongoing tax planning and provisioning processes
Objective
To provide CPAs and other tax and finance professionals with a practical understanding of current tax credits and incentives, enabling them to evaluate opportunities, strengthen compliance, and integrate credits into tax planning and financial reporting.
DETAILED LEARNING OBJECTIVES
• Identify qualifying activities and cost pools associated with the R&D tax credit
• Recognize the requirements of the Four-Part Test for qualified research activities
• Recall Section 174 capitalization and amortization changes under OBBBA
• Identify documentation and audit defense best practices for R&D credit claims
• Recognize Form 6765 Section G reporting requirements and related audit risks
• Recall key IRA and OBBBA energy credit provisions and limitations
• Identify requirements associated with credit transfer elections and Direct Pay elections
• Recognize eligibility requirements for clean energy credits, bonus credits, and project timing rules
Emphasis
- Research & Development (R&D) tax credit: qualification, documentation, and audit defense
- Section 174 and OBBB planning considerations
- Energy, sustainability, and clean-energy credits
- Payroll tax offsets and cash-flow benefits
- Industry-specific credits and incentives
- Credit monetization, transferability, and direct pay opportunities
- Documentation, substantiation, and IRS compliance consideration for credit claims
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