Partner Doug Norton was quoted in a Tax Notes article analyzing the One Big Beautiful Bill Act’s creation of new section 174A, which restores full expensing of domestic research and experimentation (R&E) expenditures starting in 2025.
Doug explained that the statute’s changes to related Internal Revenue Code provisions, such as sections 41(c) and 280C, introduce important compliance considerations for taxpayers claiming the R&E tax credit. He noted that taxpayers “should consider where such expenses are reported on the return and may want or need to include a statement clearly identifying the section 174A costs.”
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