2024 Tech Company Tax Tips
Shay CPA
FEBRUARY 14, 2024
Know How Section 174 Changes R&D Expenses Historically, you could take the deduction for R&D (which the IRS called R&E [research and experimentation]) expenses in the year you spent the money. However, you should tag it as a “cost of services sold.” and over 15 years if you’re a foreign entity. What’s the difference?
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