R&D Credit and Section 174

Register for this course:

The meeting times for this class are in the past. Please check here for additional meeting times.

Meeting Times:

Tuesday, December 7, 2021 1:00:00 PM - Tuesday, December 7, 2021 4:30:00 PM
(The meeting times for all courses are expressed in Mountain Time.)


This course is in the past and can no longer be purchased.


Classroom not available.

Delivery Method:

If attending in the CPE4U classroom or a Colorado hotel, the delivery method is Group Live.
If attending over the Internet (online), the delivery method is Group Internet Based.

Credit Hours:

4.0 IRS Federal Tax Law MF2AY-T-01068-21-I,O

Field of Study:

Taxes - Technical (Special Tax Matters)

Course Level:



Basic understanding of federal taxation

General Description:

This course will review the basic and intermediary levels of claiming the research and development (R&D) credit, including how qualified research is defined, the various details of the ­credit calculations, and properly supporting or documenting such claim. The new §174 capitalization requirements and its impact will be covered. This course will also highlight IRS examination trends and concerns as well as financial statement aspects of claiming the ­credit.

Learning Objective:

After completing this course the participant will be able to:

  • Explain the background of the research and development credit and recent legislation.
  • Discuss the new §174 capitalization requirements and §280C(c) impact.
  • Define qualified research under statutory and case law.
  • Distinguish and recognize the issues pertaining to internal-use software.
  • Calculate regular and alternative simplified credit, including:
    • Base period;
    • Start-up company rules;
    • Acquisition and disposition application;
    • Controlled groups.
  • Explain the need for contemporaneous documentation.
  • Recognize the role of the Internal Revenue Service, including:
    • Issue management network/Tier I;
    • Examination trends;
    • Pre-filing agreements.
  • Describe financial statement benefit issues.


T. Mark Dunning, CPA, is the managing partner of TaxOps Minimization, where he leads an experienced team in implementing tax-saving projects. Previously he was responsible for the coordination, management, and execution of large research credit studies at EY, and he also has worked extensively with small and mid-size companies on their R&D issues. An accomplished negotiator with the IRS and state tax authorities, he managed four of the 23 IRS pre-filing agreement projects granted and closed in the research credit area by the IRS. He received bachelor's and master's degrees in accounting from Brigham Young University and writes and speaks ­frequently about far-ranging business tax topics involving tax credits, deductions, and deferrals.

Related Courses:

Seminar Name Date Location

CPE4U Colorado provides continuing professional education seminars for accountants, attorneys, enrolled agents, and tax return preparers in Denver and Grand Junction, Colorado. These classes range from two hours to two days in duration and are scheduled on weekdays from April 22, 2024, through February 7, 2025. Classes taught in our own classrooms are also broadcast live over the Internet.

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