In the News | Thomson Reuters
Tax Expert Discusses Impact of Form 6765 Increased Reporting Requirements
Feb. 28, 2025 · Authored by Michelle Abel
Baker Tilly’s Michelle Abel shared insights with Thomson Reuters on the IRS’s final Form 6765 for tax year 2024, released on Feb. 10, 2025. This form, essential for claiming the research and development (R&D) tax credit, now includes new Sections E, F, and G, increasing reporting requirements and potentially raising compliance costs for small businesses.
The IRS is accepting feedback until June 30, 2025. Now is the time to prepare, document and adjust your process to stay compliant.
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