R&D Tax Credit
Sean Yearout, Benjamin Dyches, DDS, JD, Alphonso Anderson, Esq., LL.M (Tax) Summary The R&D credit changed for 2022 tax filings by requiring the amortization of research expenses instead of treating them as an immediate deduction. Background Pre-2022 guidance (IRC Section 174i) allowed taxpayers to expense all research and experimental (R&E) expenditures immediately. Additional benefits were Read More