Webinar: Understanding the Changes to IRC 174

Previously Aired: Tue, Jan 31, 2023, 10:00 AM - 11:00 AM CDT
Who Should Watch: CPAs, Business owners, decision-makers,

Due to a provision of the Tax Cuts and Jobs Act (TCJA), which takes effect for tax years beginning after December 31, 2021, taxpayers must change how they treat R&E expenditures under Section 174. The 2017 Tax Cuts and Jobs Act amended this provision to require that specified research and experimental (SR&E) expenditures are capitalized and amortized but delayed the effective date of this amendment, which applies to tax years beginning January 1, 2022, or later.

In this webinar replay, Les Bryson, Founder & Managing Partner of Probity Tax Recovery, explains the changes to Section 174 and explains its impact on the tax treatment of research and experimental expenditures.

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