New York Business Stifled Due to Federal Research Capitalization Rules
Withum
AUGUST 8, 2023
It is every accountant’s nightmare to explain that the ability to immediately deduct research and experimental (“R&E”) activities is no longer available for federal budget reconciliation reasons. Instead, R&E costs must be spread over 5 years (or a 15-year period if foreign research). remains a global innovation leader.
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