Description:
The session will begin with a brief overview of the credit, highlighting its utility in a plethora of industries, and addressing credit benefits, limitations, and timing. The presenter will then walk through the Four-Part Test, using real-life examples to illustrate what types of research meet eligibility criteria. The four types of Qualified Research Expenses will be explained, and the presenter will review the associated information-gathering process. Discussion will then pivot to credit flow and utilization, including the Eligible Small Business Provision, and a variety of scenarios will be presented.

Learning Objectives:
• List multiple industries that may be engaged in R&D Credit-eligible research
• Explain the eligibility criteria that compose the Four-Part Test
• Name the four types of Qualified Research Expenses
• Identify good candidates for R&D Tax Credit studies
• Understand credit flow in S-corps and C-corps
• Understand credit utilization and the Eligible Small Business Provision

Course Outline:
• Introduction: Benefits, Limits, Timing
• The Four-Part Test or “Capstan Criteria”
• Qualified Research Expenses
• Tax Credit vs. Tax Deduction
• Cost Segregation as Part of a Comprehensive Tax Strategy
• Credit Flow in S and C-corps
• Credit Utilization
• Examples

Recommended CPE: 1 Credit
Program Level: Beginner/Intermediate
Prerequisites: General background in accounting, depreciation and cost segregation
Advanced Preparation: None
Field of Study: Taxes

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Have a question? Contact Bruce Johnson, Capstan Tax.