Section 174 Research & Software Development Costs – A Guide to Compliance
March 8, 2023
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Section 174 Research & Software Development Costs – A Guide to Compliance
Date: Wednesday, March 8, 2023 at 3 PM – 4 PM EST
For tax years beginning in 2022, Internal Revenue Code Section 174 (Sec. 174) requires taxpayers to capitalize and amortize specified research or experimental expenditures. Taxpayers can follow the Internal Revenue Service (IRS) guidance to adopt this new capitalization/amortization method by filing a statement with their 2022 tax returns.
Sounds like a simple accounting method change, but there are many questions left open for taxpayers to navigate. Join leaders from the Cherry Bekaert Tax Credits & Incentives Advisory team as we answer these questions and cover:
- Define research and experimentation and software development qualifying expenses
- Discuss what is not considered Sec. 174 expenses
- Determine how your industry is impacted by the Sec. 174 changes
- Learn how to file for the accounting method change through IRS guidance
- Address issues that are still uncertain or unknown
CPE Accreditation
Delivery Method | Group Internet Based
Recommended CPE credit | Up to 1 hour CPE, pending approval
Recommended Field(s) of Study | Accounting
CPE Capability | Basic
Prerequisites | None
Program Level | Basic
Advanced Preparation | None
Speakers
Martin Karamon, J.D., LL.M. | Partner, Tax Credits & Incentives Advisory, Cherry Bekaert
Vivian Kohrs, CPA | Director, Tax Credits & Incentives Advisory, Cherry Bekaert
Corning Pearson, CPA, MST, MBA | Director, Tax Credits & Incentives Advisory, Cherry Bekaert
Moderators
Sarah McGregor, CPA | Director, Tax Services, Cherry Bekaert
Cherry Bekaert Continuing Professional Education: Statement of Admin Policies
This event is complimentary. Due to this program being offered free of charge, there will be no refunds.
CPE for Virtual Events
- Please join sessions on time, or 5 minutes early if possible. Joining a session late may cause you to lose the ability to obtain CPE based on the following NASBA regulations:
- There will be 4 polling questions per hour of each session.
- In order to receive CPE credit for virtual events, you must attend at a minimum, 50 minutes of every hour and respond to at least 3 of the 4 polling questions per hour.
- Polling questions will not be announced in advance.
- If you view the conference in a group setting, you will still need to log into CPE sessions through your laptop to track your attendance and respond to polling questions.
- We cannot guarantee polling questions will appear on your mobile device and recommend that you use your laptop for your webinar session. We will not be able to award you CPE credit if you do no answer the required number of polling questions and/or are not in session for the required length of time. This includes issues due to mobile technological difficulties or any other difficulty that is unique to your webinar connection.
- Please be sure that you join the session for which you registered using the link that was provided to you. We will not be able to award you CPE if you join a session using a link that was provided to someone else.
- You will receive one certificate for each course you attend/pass.
For questions regarding registration or event cancellation, please contact Maddie Robbins. For all other questions regarding CPE policies, please contact Cherry Bekaert at cbhlearning@cbh.com.
Cherry Bekaert 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 final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website. | www.learningmarket.org