Section 174

Tax Bill restoring R&E, interest deductions passes US House

Tax Bill restoring R&E, interest deductions passes US House

Paul Davenport

The United States House of Representatives passed a $78 billion tax bill restoring the ability for businesses to immediately deduct the cost of research and experimentation (R&E) investments for the current tax year. 

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US Capitol Building

The United States House of Representatives passed a $78 billion tax bill restoring the ability…

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Government Shutdown - Federal Default

A bipartisan bill was introduced this week that aims to fast-track key changes to the…

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New Section 174 Guidance drops to ring in 2024

The IRS released additional Section 174 guidance around new capitalization and amortization rules.

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IRS offers new guidance, comment period for Section 174

Legislation wasn’t passed to repeal Section 174 capitalization and amortization rules before tax deadlines for…

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What’s in the new United States debt ceiling bill?

The United States Senate is on deck to pass a controversial, bipartisan, and hard-fought deal…

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Calls to repeal Section 174 grow as US risks losing R&D edge

Tax Day came and went this year without any changes to the controversial Section 174…

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What to expect from new Section 174 tax rules

Changes to the United States Internal Revenue Code Section 174 (S174) have caused a lot…

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Senators reintroduce bill restoring R&D tax deductions

Major changes to the United States tax code that were first adopted as part of…

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Section 174 Capitalization, explained

As the books close on the 2022 tax year, a consequential new limitation has gone…

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