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 ...

President Donald Trump signed into law the One Big Beautiful Bill Act on July 4, 2025. Among many other provisions, this bill permits taxpayers to deduct domestic research and experimentation (R&E) ...

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.

In early September, I published an article seeking guidance from the IRS on how to implement the new capitalization rules under IRC Section 174, which was effective on Jan. 1, 2022. Much to my ...

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 ...