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.

WASHINGTON, DC - AUGUST 18: The Internal Revenue Service (IRS) building Under Notice 2023-63 provided in September of 2023, the IRS confirmed that R&E expenditures include not only the costs paid or ...

“Should Congress continue to do nothing, the long-term impacts of an additional tax burden on innovation are sure to be great.” I was not even aware of the issue below until a CPA friend of mine ...