Important Changes to R&D Deductions (Section 174) – FAQ
Shay CPA
MARCH 22, 2023
If your company receives the R&D Tax Credit, for example, this would mean that those costs will now be capitalized. Founders and their finance teams will need to provide an analysis of their research and experimental expenses (Section 174 Costs) to accurately prepare corporate tax returns. What is an IRC Section 174 expense?
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