{{item.videoDuration}}
{{item.title}}
{{item.text}}
{{item.videoDuration}}
{{item.text}}
In this episode of PwC’s Financial Services audiocasts, Denise Schwieger and Sian Rayson discuss the IRS's significant revisions to Form 6765. These changes impact how businesses, especially in the banking and financial sectors, report research and development (R&D) activities for tax credits. With increased disclosure requirements, cross-functional collaboration and better documentation are more critical than ever. This session offers insights on how to prepare now and avoid costly pitfalls later.
Key takeaways
- The revised Form 6765 marks the biggest change in over a decade for claiming R&D tax credits.
- Expanded sections demand more granular data, including role types and officer-level wage expenses.
- Tax teams must now collaborate closely with legal, tech, and other departments to gather accurate data.
- Section G is optional in 2024, but mandatory starting in 2025 (except for some small taxpayers).
- The enhanced form is designed to feed IRS risk-assessment tools—precise, thoughtful responses can help avoid audits.
- Companies should assess data gaps, refine documentation processes, and train cross-functional teams to be audit-ready.
Segmented topics with timestamps:
- 00:10 - Introduction and purpose
- 00:36 - Overview of key changes in Form 6765
- 01:03 – Banking and finance business impact
- 01:48 - Transitional relief and small taxpayer exemptions
- 02:24 - Final thoughts for tax professionals
US Tax Services
Activate tax strategy with clarity and foresight
Banking and capital markets
Be bold, fix regulatory deficiencies, leverage AI and data
PwC’s Next in perspectives
Finance is shifting from reacting to redefining—reshaping how value is created, managed, and protected amid accelerating innovation and evolving regulations.
{{filterContent.facetedTitle}}
{{contentList.loadingText}}
{{contentList.loadingText}}
Follow us
