Yes, companies need to amortize R&D expenses
Late last year, Congress passed and President Biden signed into law the Consolidated Appropriations Act of 2023. This bill included funding for the federal government for 2023 but left out the much-anticipated tax extenders. One of the most anticipated was a delay in the Section 174 amortization requirement. With the extenders not passing, many taxpayers are asking, “What now”?
David Seibel, EA
David Seibel, EALearn moreContact David
David Seibel is an engineering senior manager for the R&D Tax Credit Practice. He combines his knowledge of tax law with his engineering expertise to maximize companies’ research credits and reduce their overall tax burdens.
Seibel ensures clients are receiving studies that meet the highest level of quality. He conducts fieldwork, produces detailed technical calculations, and builds narratives that accurately reflect each company’s research and experimentation activity.