Updated Guidance on R&D Expenditures: Notice 2024-12 and Rev. Proc. 2024-9
Cherry Bekaert
JANUARY 18, 2024
2024-9 providing taxpayers with timely information concerning accounting method changes and the treatment of specified research and experimental (SRE) expenditures under Section 174 and Section 460. 2024-9 relieves the need for certain taxpayers to file non-automatic accounting method changes by year-end specifically, Rev.
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