R&D tax credit readiness: Updated expensing guidance, transition rules and key deadlines
CPE/CE credit: 1 hour
The federal research and development (R&D) tax credit landscape is shifting fast, and recent guidance is changing how companies plan, expense, and document innovation investments. This session delivers a practical and timely overview of the federal R&D tax credit, with a focus on key updates and critical deadlines as emphasized in H.R. 1 (the One Big Beautiful Bill Act) and Revenue Procedure 2025-28.
Section 174 expensing rules for research and experimental expenditures are now a central planning and compliance issue. We’ll break down the new requirements, clarify transition rules, and explain how these changes impact documentation, forecasting and audit readiness.
Learning objectives:
- Focus on the upcoming July 6, 2026, deadline for amended returns and updated rules for R&D expenditures under Section 174.
- Leverage Revenue Procedure 2025-28 guidance to navigate the transition period.
- Identify qualifying activities and define documentation approaches that support credit claims and compliance.
- Recognize common implementation challenges and evaluate practical options to address them.
- Translate legislative and procedural updates into actionable tax planning and reporting decisions.
Whether you’re encountering these updates for the first time or tightening up your existing approach, you’ll leave this session with a clear picture of what’s changed and how to turn legislative complexity into an actionable opportunity for your clients.
Level: Basic
Instructional method: Group internet-based
NASBA field of study: Taxes
Program prerequisites: None
Advance preparation: None
Note: CPE is only available for attending the live event, on-demand viewing is not eligible.
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NASBA Approved. Sponsor # 103021.
Wolters Kluwer is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State Boards of Accountancy have the final authority on the acceptance of individual course for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.
New York note: Wolters Kluwer is a registered Continuing Education sponsor with the New York State Board for Public Accountancy, State Education Department. (Sponsor #000085) | Texas note: We have registered with the Texas State Board of Public Accountancy as a CPE sponsor. This registration does not constitute an endorsement by the Board as to the quality of our CPE program. (Sponsor #000001). Please check with your State Board which has final authority on the approval of courses for CPE credit. The content presented during this webcast is for informational purposes only and should not be construed as legal or tax advice. ADP encourages you to consult with appropriate legal or tax professionals for circumstances related to your business.
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Michael is an accomplished leader in the field of accounting and tax, boasting nearly three decades of experience. With expertise in traditional income tax compliance, planning, and consulting, he has effectively served clients of various sizes across multiple sectors. His proficiency extends to big data analytics, accounting, tax provisions, and financial operations.
Utilizing cutting-edge data analytic tools, Michael advises businesses on optimizing available tax benefits, grants, and incentives to enhance their financial outcomes. His dedication to excellence and commitment to client success make him a valuable asset in navigating complex tax landscapes.
Education & Affiliations:
- Board Member / Treasurer – Georgia Society of CPAS (GSCPA)
- Member – National Association of Tax Preparers (NATP)
- Member – Technology Association of Georgia (TAG)
- Member – American Institute of Certified Public Accountants (AICPA)
- Member – Georgia Chamber Innovation & Tech Committee
- Certified Public Accountant – Georgia
- Education – Mercer University (BBA & MBA) and Georgia State University (MTx)