NTA2417. R & D Update: IRC Section 174 Developments and Regulations

Starting with years beginning on or after January 1, 2022, the treatment of research and experimental expenditures has changed drastically from prior years. We will review the changes under the new code section 174, review the interim guidance under Notice 23-63 in September 2023 and Notice 24-12 in December 2023, and discuss new developments and strategies resulting from the changes.


Learning Objectives:

  • Identify the change in law and reporting requirements starting with years beginning on or after Jan 1, 2022
  • Distinguish the IRS interim guidance issues after implementation of the law
Date/Time
–
NASBA Field of Study
Taxes
Level
Intermediate
Prerequisites
3-4 years in the profession
Advanced Preparation
N/A
Speakers
Image of Shaune Scutellaro

Shaune Scutellaro

CPA
Partner
CohnReznick, LLP
Image of Travis Butler

Travis Butler

CPA
Director - Tax Accounting Methods
CohnReznick