OBBBA Tax Strategy: R&D Credit, §174 & Ownership Impact
Join Stambaugh Ness tax experts Jennifer Nelson and Marla Miller for this webinar focused on navigating strategic tax planning under the ‘One Big, Beautiful Bill’ Act (OBBBA), including Section 174 capitalization rules and the R&D credit. Learn how ownership changes and entity structure impact eligibility, refund allocation, and basis adjustments—and gain practical planning insights to help AEC firms optimize tax savings and compliance. This session also includes a refresher on what qualifies for the R&D credit and how it’s calculated.
As the OBBBA is newly enacted and guidance continues to evolve, we will present the most current and accurate information available, while acknowledging that some interpretations and applications may remain uncertain.
During this webinar, you’ll:
- Evaluate tax implications of §174 capitalization rules under the OBBBA, including criteria for small business exemption and whether to amend prior returns or file a method change.
- Analyze how ownership changes and entity structures affect the eligibility for R&D credits, the allocation of tax refunds, and adjustments to shareholder or partner basis.
- Develop tax planning strategies for AEC firms to optimize R&D credits and §174 compliance, while considering state conformity, basis impact, and long-term implications of filing positions.
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