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 | Jul 7, 2025 | Blog
On July 4th, 2025 the President signed into law the One Big Beautiful Bill (OBBB) Act which has many positive aspects for the R&D credit and R&D expensing; notably, the key changes are: The OBBB Act brings significant changes to how businesses can handle...
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 | Dec 13, 2015 | Blog
In a recent Field Attorney Advice (FAA) memo 20154501F, the IRS took a different approach to auditing this R&D tax credit claim. In this case, a CEO in charge of a group of companies was claimed at 60% qualified in supporting the companies’ R&D activities and...
by Bruce Warner | Nov 4, 2013 | Blog
The IRS recently published new proposed regulations for research & development (R&D) costs under Section 174 that amend some of the rules around what costs qualify under Section 174 for an R&D deduction. In general, these amendments attempt to quell...
