The research and development (R&D) tax credit was introduced to encourage companies to fund technological advancements in U.S.-based facilities. R&D credits help companies offset their investments in highly technical talent and resources. There are recent changes to the guidance in regard to software developed for internal use. This session reviews the changes in regulations and defines what qualifies — and does not qualify — as internal use software.
Learning objectives
At the conclusion of this session, participants will be able to:- Understand the fundamental principles that apply to the R&D tax credits for software development
- Articulate the new eligibility criteria that apply to internal use software
- Identify what qualifies as internal use software by using the standard four part test
Presenters
- Marni Cohen, R&D Credit Specialists, Tax Solutions Group
- Donny Lucaj, R&D Credit Specialists, Tax Solutions Group
Moderator
- Nate Buchalski, Tax Solutions Group Partner and Practice Leader
