United States

RSM submits comment letter regarding Sec. 174 R&D Tax


RSM has submitted to U.S. Congressional leaders comments addressing the upcoming requirement to capitalize and amortize research and experimental expenditures, as defined under section 174 of the Internal Revenue Code, in accordance with the Tax Cuts and Jobs Act (“TCJA”) as enacted in 2017.

RSM supports efforts to repeal this capitalization provision and thereby reinstate the ability to immediately expense qualifying research costs under section 174.

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