On October 30, 2023, the IRS further extended the transition period for an additional year to perfect R&D claims that were determined to be deficient.

On October 19, 2023, the IRS announced a special process for employers to withdraw their Employee Retention Credit (ERC) claims if they believe they do not qualify for the program.

Jamie Skerston and Tim LeMasters join the podcast to discuss our approach, R&D Tax Credits, and navigating 174 discussions.

TJ Sponsel and David Seibel, EA, join the podcast this week to discuss the recent IRS guidance on Section 174 and overview our efforts to bring a resolution.

On September 14, 2023, the IRS announced a moratorium on new Employee Retention Credit (ERC) claims in order to combat increasing fraud for this program.

On September 8, 2023, the IRS issued Notice 2023-63, which provides long-awaited guidance for the types of costs that must be amortized under Section 174.

This blog discusses frequently asked questions about the R&D Tax Credit and clients in the manufacturing industry.

Dave McGuire and David Seibel, EA, discuss where Section 174 stands today and provide guidance on how to move forward.

On June 13, 2023 the House Ways and Means Committee voted to pass the “Build It in America Act.” This legislation, which passed along party lines 24-18, includes extensions to multiple expired business provisions, including the ability to deduct 174 expenses.

As taxpayers continue to wonder if there will be a repeal or delay for the federal Section 174 amortization requirement, more states are taking action and passing legislation to decouple from this tax provision.

David Seibel is a Principal 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.

David 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.