IRS News Release: Draft Instructions for Research Credit Form 6765 Released, Comments Requested (IRC §41)

Comments are requested on the draft instructions for Form 6765, Credit for Increasing Research Activities, where research credits are reported, the IRS announced. The IRS is seeking feedback specifically on Section G reporting for controlled groups, ASC 730 Directive, Section G business component detail and statistical sampling. All feedback will be considered to ensure the tax year 2025 (processing year 2026) instructions provide clear and updated guidance on completing the form, the IRS stated. The instructions will be used in conjunction with revised draft form 6765 (released on Dec. 12, 2024) that included new sections E, F, and G. ...