Event Description

 This program addresses the most recent developments impacting taxpayers incurring research and experimentation costs.  Emphasis will be placed on compliance with the 2022 change in Sec. 174 Amortization of research and experimental expenditures.   

Designed For

CPAs in public practice and industry seeking an update on the latest tax developments affecting research and experimental costs

Objectives

To provide an update of the recent changes affecting the deduction of research and experimental expenditures.  

Major Subjects

? Discussion of the impact of the Section 174 law change requiring capitalization of research and experimental costs.  ? Comparison of the Sec. 41 R&E credit to the Sec. 174 R&E deduction.  ? Financial accounting for R&E costs.  ? Required change of accounting method and Form 3115.  ? Revised treatment of software development costs.  ? Comprehensive case problems explaining implementation of the law changes.    

Prerequisites

None

Instructions

None.