Statements of fact and opinion are the authors’ responsibility alone and do not imply an opinion on the part of PICPA officers or members. The information contained in herein does not constitute accounting, legal, or professional advice. For professional advice, please engage or consult a qualified professional.
The 2017 Tax Cuts and Jobs Act made several changes to IRC Section 174 that took effect with tax year 2022. EPSA can help fill you in on what these changes are and what they mean to the R&D tax credit.