Updated Guidance on R&D Expenditures: Notice 2024-12 and Rev. Proc. 2024-9
Cherry Bekaert
JANUARY 18, 2024
This was to address instances where taxpayers may have been required to amend a tax return that was filed before or shortly after Notice 2023-63 was issued. Taxpayers may not be able to change certain positions on the return that were inconsistent with various sections. statement included with the 2022 tax return).
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