R&D Tax Credit Compliance Checklist

This document is a compliance checklist designed for R&D tax credit claims, particularly in preparation for IRS changes and updates to Form 6765 in 2025. It outlines essential areas for compliance readiness, including confirming eligibility based on the IRS four-part test and reviewing prior claims for consistency. The checklist details the necessary documentation for business components, emphasizing the importance of a structured process of experimentation for at least 80% of R&D activities. It also addresses refund claim readiness, IRS audit preparation, and risk management strategies. Additionally, it highlights the categorization of software R&D activities and the need for real-time documentation processes. The document concludes with recommendations for future-proofing R&D tax strategies, including staying informed about legislative updates and conducting annual reviews to identify missed opportunities. Expert guidance is suggested for optimizing tax credit claims moving forward.