R&D Tax Credits & the One Big Beautiful Bill: Understanding Amortization and Proactive Planning

In this episode of Let’s Talk Tax, guest host ⁠Jerry Hammel, CPA,⁠ sits down with ⁠David Seibel, EA,⁠ Shareholder of McGuire Sponsel’s ⁠R&D Tax Credit practice⁠, to discuss the ⁠“One Big Beautiful Bill”⁠—a sweeping piece of legislation that has passed the House but still awaits action in the Senate. The bill proposes to restore immediate expensing for R&D costs under ⁠Section 174⁠ for tax years 2025 to 2029, reversing the amortization requirement that’s been in place since 2022.

Jerry and David break down what this means for CPAs, including the importance of proactive planning for both the retroactive and prospective implications of the bill. They also discuss audit risks, compliance strategies, and how to maximize the R&D Tax Credit amid uncertainty.