The KPMG report, Navigating the Shifting Landscape of Research Credit Audits, provides insights into the current state of research credit audits and how companies can prepare for the changing landscape. The report covers topics such as the impact of tax reform, the role of technology in audits, and best practices for managing the audit process.
In recent years, the IRS has increased its focus on section 41 research credit claims, leading to a rise in the number of examinations. The IRS Large Business and International (LB&I) Division announced a new campaign in 2017 specifically targeting the research credit. The IRS has also been relatively successful in recent years in litigating research credit cases.
Read a January 2024 report* [PDF 3.1 MB] prepared by KPMG LLP tax professionals that focuses on developments in the research credit area, including recent guidance and case law.
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