JD Supra

IRS Issues Interim Guidance on Capitalization and Amortization of Research and Experimental Expenditures Under Section 174 of the Code

On September 8, 2023, the Department of Treasury (the Treasury) and the Internal Revenue Service (the IRS) released Notice 2023-63 (the Notice), which sets forth the Treasury and the IRS’s intent to ...
Accounting Today

What accountants need to know about R&D expensing changes

Across the U.S. accountants are about to experience an income tax season that threatens business survival as a result of new research and experimentation expenditure treatment under Section 174.
Forbes

Five Surprises About The U.S. Tax Research & Experimental Capitalization Requirement

Many were hopeful for U.S. tax legislation ensuring businesses could continue to fully deduct their research and experimental (“R&E”) expenditures in the 2022 taxable year. Senator Margaret Hassan ...
JD Supra

An olive branch or shot across the bow? IRS issues Notice 2023-63 providing welcome substantive Section 174 guidance

The long wait for substantive guidance under Section 174 ended late last week with the release by the Department of the Treasury (Treasury) and the Internal Revenue Service (IRS) of Notice 2023-63 ...
Forbes

Uncertainty Surrounds Treatment Of Section 174 Expenses

Last year, I wrote an article detailing the tax law change that took effect on January 1, 2022, trying to warn tech companies about the potential effect on cash flow if they have significant research ...