IRS Wants Feedback on Proposed Changes to R&D Tax Credit Form

The IRS wants feedback on a slate of proposed changes to Form 6765, Credit for Increasing Research Activities, as it gears up to make formal changes next year, the agency announced Friday.

Proposed changes include a section seeking more information for each of a company’s business components, adding questions on additional miscellaneous information, and moving the “reduced credit” election question and the “controlled groups or businesses under common control” question to the top of the form.

The agency also wants to know if the form’s Section F should be optional for taxpayers with certain R&D expenditures below ...