The Research and Development (R&D) tax credit is one of the most widely available yet overlooked tax incentives available to companies of all sizes. Many taxpayers mistakenly believe they do not qualify for the credit because they do not understand the definition of Qualified Research per the Internal Revenue Code and Regs. Once qualifying activities are identified, they must be adequately documented in order to sustain the credit in the event of an audit.
This course provides an understanding of the R&D tax credit and covers the fundamentals of qualifying, quantifying, and sustaining the credit in order to improve your clients’ tax positions and increase cash flow. Recent developments are also discussed that may open new opportunities for taxpayers who previously did not claim the credit.
Understanding the R&D Tax Credit
Qualifying for the Credit
Calculating and Documenting the Credit
Update / New Regs
Phil Dottavio is a Director with Think, LLP and has over 25 years of taxation experience, including 7 years with two of the Big Four accounting firms and over 15 years in private industry, and several years in leadership and advisory roles at a number of specialty tax firms. In addition, he has authored several published articles and has been a frequent speaker at CPE events, and has served as an adjunct accounting professor at Cleveland State University and Brown Mackey College. Phil is a Certified Public Accountant in the state of Ohio and is also an Enrolled Agent. He holds a B.B.A. in accounting from Kent State University, Summa Cum Laude, and received his Master of Taxation from the University of Denver Sturm College of Law.
Brian has over 25 years experience in corporate and individual tax consultation. As a former Deloitte & Touche, LLP partner in both New York and Los Angeles, he was responsible for serving the firm’s most significant clients. Brian was a member of the firm’s national tax practice specializing in corporate income tax planning, entity structuring, reorganizations, and mergers and acquisitions. He was also a Managing Director for a national firm that focused on performing R&D Tax Credit Studies and manager senior manager in tax at Arthur Andersen in Orange County, California, where he focused his practice on corporate tax planning, the use of partnerships and other flow-through entities as well as international tax. Brian holds a B.S. in accounting from the University of Southern California.