R&D Tax Credit Compliance Checklist

This document is a compliance checklist designed to assist companies in preparing their R&D tax credit claims for audit readiness, particularly in light of IRS changes and updates to Form 6765 in 2025. It outlines several key areas of focus, beginning with general compliance readiness, which includes confirming eligibility through the IRS four-part test and reviewing prior claims for consistency. The checklist further details necessary updates and documentation for Form 6765, emphasizing the importance of identifying and documenting business components and ensuring accurate categorization of expenses. It also addresses the process of experimentation compliance, requiring documentation of R&D activities, and outlines strategies for recordkeeping and refund claim readiness. Additionally, it provides guidance on IRS audit and risk management, software R&D tax credit compliance, and future-proofing R&D tax strategies. The document concludes with a recommendation for expert consultation to optimize tax credit claims.