The TCJA requirement to capitalize and amortize Section 174 R&E expenditures for the 2022 taxable year has left many tax professionals forced to identify Section 174 R&E expenditures and often is driving taxable income and cash tax payments higher for many taxpayers.
Learning Objectives:
- Define TCJA requirements for Section 174 R&E
- Define the definitional scope of Section 174 R&E expenditures versus Section 41 qualified research expenditures, including software development
- Identify the key differences between Section 174 R&E expenditures and Section 41 qualified research expenditures, including contract research, grants, and indirect expenses
This webinar is part one of a two-part series, you can register for part 2 here.
Lynn Mucenski-Keck
WithumSmith+Brown, PC
National Lead, Federal Tax Policy at Withum
[email protected]
(585) 313-0146
Lynn Mucenski-Keck is a tax principal with over twenty years of experience in the accounting profession and serves as the National Lead on Federal Tax Policy at Withum. She specializes in federal, domestic and international tax planning for businesses, pursuing cash optimization. Lynn testified in front of the House of Representatives Committee on Small Business focusing on many of the TCJA provisions that are set to expire, including lower individual income tax rates, the pass-through deduction (199A) and bonus depreciation decline. In addition, Lynn serves as a tax advisor to many Washington DC groups promoting proper federal tax reform for family and privately-owned businesses, including S Corporation Association, American Council of Engineering Companies, the National Automobile Dealers Association, and National Manufacturing Association.
About Our Presenter
- CPE Credits
- Support and FAQs
- Terms and Conditions
- Privacy Policy
- CPAwebengage, Inc.