The Biden administration has drafted several tax proposals as part of its “Build Back Better” plan and among the most notable policy priorities include an increased tax responsibility for larger corporations. To alleviate this anticipated additional tax burden, leveraging their research and development (R&D) tax credits should be considered. However, the recently released tax proposals only includes one proposed R&D-related change so far, posing an open question on the new administration’s plan for R&D investments. Although the current administration clarifies that R&D tax incentives are a high priority, many believe that the “Build Back Better” program should also uplift public and private funding in scientific research and development. In this webcast, seasoned tax credit professionals Mike Woeber (Corporate Tax Advisors, Inc.) and Joseph Burwick (Freed Maxick CPAs, P.C.) will discuss the recent developments and critical issues surrounding the R&D tax credits under the new administration. Speakers will also offer practical tips to maximize potential opportunities and a comprehensive guide on the process to qualify for R&D tax incentives. Field of Study: Taxes