Section 174 research expenses: What’s changing and what are my next steps?
- Aug. 25, 2021
2022 is rapidly coming into focus and with it looms Section 174, a major potential change to the tax treatment of research expenses. What does this mean for you? Join our tax experts to find out and prepare.
What does this potential change mean for you? Our tax experts will help lay the groundwork of what Section 174 is, discuss the current rules, and explain the changes on the horizon. They’ll go through the indirect impacts of capitalization, and spend time discussing the ins and outs of what you should be tracking and how. They’ll also discuss some common misconceptions about Section 174 and the R&D tax credit. Finally, they’ll wrap up with actionable steps you can take to start preparing for this change.
- Define Section 174 and what the changes coming in 2022 will mean for the tax treatment of research expenses
- Develop best practices for tracking for Section 174 expenses
- Define what decisions you can make now to prepare