The tax landscape for Research and Development has shifted again, bringing much-needed relief to innovative businesses. Join Frost Law attorneys Rebecca Sheppard, Esq., and Shea Malone, Esq. on January 27th at 12:00 PM for an essential update on the restoration of domestic R&D expensing.
As we approach the 2025 filing deadline, our team will provide clarity on the legislative changes to Section 174, offering actionable strategies to help you recover costs and stay compliant with the latest IRS requirements.
What You Will Learn:
- Restoration of Section 174: A deep dive into the recent legislative shift back to immediate expensing for domestic R&D costs.
- Recovering Amortized Costs: Strategies for addressing and recovering costs that were previously required to be amortized over five years.
- Compliance & Documentation: Reviewing the latest IRS guidance for Form 6765 to ensure your documentation meets new scrutiny standards.
- 2025 Filing Preparation: Key deadlines and considerations to keep in mind as you prepare your upcoming tax returns.
About the Speakers
Rebecca Sheppard is a tax attorney and a Partner in the Tax Controversy practice group at Frost Law. Over the last two years, Rebecca has used her background in government practice to work with business clients across the country in helping them secure government funding from PPP, EIDL, and the Employee Retention Credit (ERC). Unlike many other tax professionals, Rebecca has used her tax and legal background to closely follow the legislative changes and relief programs, giving her a thorough understanding of the complexities of how businesses from all industries can maximize their claims for refundable tax credits. Her efforts have allowed her to recover significant refunds for many small and medium-sized businesses around the country.
Shea Malone is a dual-licensed attorney in Ohio and Kentucky who leverages over 14 years of elite consulting experience, including a foundational tenure at EY. She specializes in delivering substantial tax savings for businesses through sophisticated planning and the strategic implementation of federal, state, and local incentives, such as R&D Tax Credits, the Employee Retention Credit (ERC), and energy credits. By combining her legal background with deep technical expertise in complex accounting methods and multi-jurisdictional tax law, Shea provides her clients with rigorous, top-tier consulting focused on maximizing financial advantages and ensuring comprehensive compliance.