Tax Bill restoring R&E, interest deductions passes US House
February 1, 2024
The United States House of Representatives passed a $78 billion tax bill restoring the ability…
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Section 174
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Tax Bill restoring R&E, interest deductions passes US House
Feb 1, 2024
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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New Tax Framework pitched to boost US innovation, restore R&E expenditures
January 17, 2024
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
January 2, 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
September 11, 2023
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?
June 1, 2023
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
May 9, 2023
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
March 29, 2023
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
March 21, 2023
Major changes to the United States tax code that were first adopted as part of…
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Section 174 Capitalization, explained
March 15, 2023
As the books close on the 2022 tax year, a consequential new limitation has gone…
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