Understanding Section 174 & How to Move Forward
11:00 am – 12:00 pm ET
1 hr CPE/CPD in Specialized Knowledge
Program Level: Intermediate
In this webinar presented by McGuire Sponsel’s Jerry Hammel, CPA, and David Seibel, EA, Jerry and David will discuss Section 174 and dive into the current myths and landscape of the R&D Tax Credit. The webinar will cover Section 174 including identifying costs, technical differences between Section 174 and Section 41, and how CPAs should be approaching the current law with clients.
Learning Objectives
- Overview of Section 174
- Current myths and landscape of credit
- How to identify Section 174 costs
- Technical differences between Section 174 and Section 41
- How CPAs should move forward with clients
Speaker Bio
Jerry Hammel, CPA
Shareholder
McGuire Sponsel
| Jerry Hammel, CPA: Jerry is a business and specialty tax executive with more than 30 years of experience providing strategic tax planning and financial advice to businesses across the country. Jerry works with McGuire Sponsel’s alliance network across the firm’s four practice lines and top firms, specializing in international tax and strategic tax planning. Prior to joining McGuire Sponsel, Jerry served as a former tax director for a Top 50 CPA firm. His experience spans across various industries including construction, manufacturing, and wholesale distribution. Jerry specializes in mergers and acquisitions as well as state and local taxation, including income, sales and use, and property taxes. He also assisted past clients with succession planning, estate planning, and general tax/business consulting. Jerry graduated from Indiana University with a BS in Accounting and then began his career at RSM McGladrey, where he worked for 14 years. He moved to Blue & Co. in 1999 and worked for the firm for more than 20 years, serving most recently as one of Blue & Co.’s shareholders and tax directors. | |
Speaker Bio
David Seibel, EA
Senior Engineering Manager, R&D Tax Credits
McGuire Sponsel
| David Seibel, EA: David is an engineering senior manager for the R&D Tax Credit Practice. He combines his knowledge of tax law with his engineering expertise to maximize companies’ research credits and reduce their overall tax burdens. Seibel ensures clients are receiving studies that meet the highest level of quality. He conducts fieldwork, produces detailed technical calculations, and builds narratives that accurately reflect each company’s research and experimentation activity. Seibel is an Enrolled Agent (EA), which enables him to represent clients in audit defense cases with the Internal Revenue Service. Prior to joining McGuire Sponsel, Seibel worked with an industrial furnace company and an electro-mechanical company designing prototype power converters for coal haulers in the mining industry. He earned a degree in the mechanical engineering program at the University of Notre Dame. | |