How tech startups can prepare now for changes to the R&D Credit Tax form

Proposed changes to the Federal Research and Development (R&D) Tax Credit form (Form 6765) will increase reporting requirements at the time of filing for the credit. This change will affect all companies that apply for the credit, but smaller businesses and startups could feel the biggest impact.

The changes were first proposed in September 2023 and subsequently revised in June 2024, with the latter version likely to become permanent. The new requirements will be optional for all businesses in…