This program addresses the most recent developments impacting taxpayers incurring research and experimentation costs. Emphasis will be placed on compliance with the 2022 change in Section 174 Amortization of research and experimental expenditures.
DESIGNED FOR
CPAs in public practice and industry seeking an update on the latest tax developments affecting research and experimental costs.
BENEFITS
After attending this presentation you will be able to identify recent changes affecting the deduction of research and experimental expenditures.
HIGHLIGHTS
The major topics that will be covered in this class include:
- Discussion of the impact of the Section 174 law change requiring capitalization of research and experimental costs.
- Comparison of the Section 41 R&E credit to the Section 1
PREREQUISITES
Basic tax knowledge
ADVANCE PREPARATION
None