This session was designed to provide an overview of changes to Form 6765 (Increasing Credit R&D Tax Credit) for tax years 24' and 25'.
Learning Objectives
- Upon completion of this course, you'll be able to:
- Analyze the structural changes and new sections of the revamped Form 6765 to properly navigate the updated reporting framework.
- Apply the business component reporting requirements to accurately quantify and document qualified research expenses (QREs) for credit claims.
- Evaluate the phased implementation timeline (2024–2025) and Section G small business exception to determine compliance obligations for different taxpayer scenarios.
Major Topics
- Review substantially revamped form 6765 enhanced reporting requirements.
- Presentational Updates to the Form
- Review structural changes to the form and additional sections added.
- Business Component Reporting
- Review requirements to include quantification of research credit QRE's.
- Phased Implementation
- Review requirements for Tax Year 2024 and 2025 + Small Business Exception Sec. G.
