by Bruce Warner | Sep 5, 2025 | Blog
On August 28, 2025, IRS issued Rev. Proc. 2025-28 relating to the R&D tax credit and R&D expenses under Section 174. Under this new procedure, if you qualify as an Eligible Small Business (gross receipts average of less than $31 million for the period...
by Bruce Warner | Sep 27, 2024 | Blog
Likely no tax bill will be passed until after the 2024 Presidential election, but there is evidence that both parties support deferring or eliminating the amortization of R&D costs, currently 5 years for domestic R&D and 15 years for foreign research costs....
by Bruce Warner | Jan 20, 2024 | Blog
Jan 2024 – In a new bi-partisan bill introduced this week, Congress would again allow immediate expensing of domestic R&D research and development costs, a change from last year’s requirement that 2022 costs must be amortized which kicked in as of 2022 as...
by Bruce Warner | Jun 11, 2023 | Blog
IRS Issues Guidance on Section 174 – No Form 3115 for 174 R&E Costs: Rev. Proc. 2023-11 has been issued by the IRS, offering simplified procedures for the first taxable year starting after December 31, 2021 (so calendar year taxpayers’ year 2022). Instead of...
by Bruce Warner | Dec 27, 2017 | Blog
The R&D tax credit was preserved in the final tax bill, known as the Tax Cuts and Jobs Act, thus retaining this important tax credit for businesses to continue to incentivize retaining R&D and tech jobs in the U.S. The Conference Committee also eliminated the...
