INSIGHTS AND RESOURCES

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

TAX ALERT  | 

Authored by RSM US LLP


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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This article was written by RSM US LLP and originally appeared on 2021-09-29.
2021 RSM US LLP. All rights reserved.
https://rsmus.com/what-we-do/services/tax/credits-and-incentives/rsm-comment-letter-sec-174-r-d-tax-.html

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