OIL2207. Research and Development Tax Incentives for the Energy Industry

This session will explore tax credit incentives available to the energy industry, specifically diving into the Credit for Increasing Research Activities (a.k.a. the "R&D Credit").

Learning Objectives:

• Identify available research and development tax deductions and credits
• Analyze the change in law relating to the research and experimental expenditures
• Assess the 280C election and the changes effective in 2022
• Recognize how the Bipartisan Budget Act of 2015 changes filing credits in past years
• Analyze Credit Refund claims and the implications of Chief Counsel Memorandum 20214101F