Under new section 174, specified research and development expenses must be capitalized and amortized over a five- or 15-year period (depending on where the research takes place), beginning in the year the expenses are paid or incurred. Regardless of bipartisan support, under the current divided government, Congress lacks a clear path to modify these required capitalization rules.
Changes in the tax law to require mandatory capitalization of R&D expenses will significantly affect the taxable income posture of many taxpayers. Join us for a webcast where RSM tax professionals Dave Kautter, Justin Silva, Christian Wood and Danielle Kaufman will cover material that will help your organization understand the impact of this law change so you can prepare properly.
Additionally, we will cover other relevant topics:
- Insights into the policy dynamic on Capitol Hill pertaining to section 174
- Lessons learned through timely/accelerated filing and extensions
- Key industry considerations
