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Additional IRS Guidance Surrounding 174 R&E Capitalization Requirements

Withum

The Internal Revenue Service (“IRS”) released Notice 2023-63 , on September 8, 2023, providing guidance surrounding the requirement to capitalize Section 174 research and experimental (“R&E”) expenditures for the 2022 taxable year.While many tax accountants and business professionals welcome the additional guidance, the timing was not ideal.

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Last Week in Payroll: Summertime Tax Tips

ThomsonReuters

Let’s go over a few summertime tax tips for payroll professionals this season: 1) Interns. toward health or other benefits including paid leave starting in 2026. For the latest in tax, accounting, and payroll news, visit tax.tr.com/blog. per hour starting in 2022, $14.25 in 2023, $15.00 in 2024, $16.00

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