Section 174 Amortization Repeal in 2025 & Future IRC Changes
A bipartisan group of lawmakers has introduced a bill in Congress to restore full deductibility of research expenses under Section 174 of the IRS code. The bill reinstates the immediate deduction of R&D expenses in the year incurred, which was removed in the tax changes of 2017 and went into effect in 2022. One key […]
IRS Revises R&D Credit Form 6765: Key 2025 Changes
The IRS has made changes to the process of claiming the R&D Tax Credit that will make it both easier and more difficult to apply. In a nutshell, documentation supporting claims will have to be better organized and more explicit in 2025. It is important for businesses and their tax advisors to note the changes and avoid the increased possibility of an audit.
What Is Cost Segregation in Real Estate? Key Pros and Cons
For real estate investors, maximizing return on investment often means reducing taxable income. One powerful yet underutilized tax-saving strategy is a cost segregation study. This IRS-approved approach allows property owners to accelerate depreciation on certain building components, increasing short-term cash flow and reducing overall tax liability. While cost segregation in real estate may not be […]
Is 100% Bonus Depreciation Coming Back? Find Out Now
Nothing is set in stone, but the latest draft of the tax bill being fashioned in Washington includes a return to 100% bonus depreciation in 2025, which has enjoyed bipartisan support in the past. Let’s take a look at what that means for businesses going forward.
House Tax Bill Proposes Key Changes: R&D Expensing, Bonus Depreciation & SALT Cap
On May 12, 2025, the House Ways and Means Committee released an expanded version of proposed tax legislation as part of the FY 2025 budget reconciliation process. Building on a smaller draft from Chairman Jason Smith (R-MO) released just days earlier, this comprehensive proposal focuses primarily on extending and enhancing key provisions from the 2017 […]
Why Are Research and Development Expenses Still Amortized?
On February 25, 2025, the House of Representatives voted overwhelmingly to repeal a highly unpopular provision from the 2017 tax changes that forced companies to spread their R&D tax savings over half a decade. Billions of dollars are at stake for American businesses that invest in growth and innovation. This is a big deal. Except, […]
Guide to R&D Expense Capitalization & Amortization
What is going on with Section 174 and the research expenses? The uncertain rules around amortizing and capitalizing research expenses are creating significant planning challenges for businesses. In order to create the illusion that the 2017 tax changes were revenue neutral, Congress eliminated the ability of companies doing research to write off 100% of their […]
How CPAs Can Help You Maximize Your Tax Deductions
No business eagerly awaits the opportunity to pay more in taxes and have less to invest back into the business or take as profit. In fact, every business would like to pay as little as possible, within the confines of the law. The business tax landscape is a minefield – complicated, fluid from year to […]
How Businesses Can Leverage R&D Tax Credits to Reduce Tax Liability in 2025
Research and development are critical for business growth and for national security, as businesses invest in innovation and keep the United States competitive in a global economy. Recognizing this, the federal government offers tax incentives to businesses that invest in R&D. If your company invests in improvements in processes, products or software, you have an […]
How Cost Segregation Can Accelerate Depreciation and Boost Cash Flow for Property Owners?
It has never been more critical for property owners to accelerate the depreciation of their building components than it is now, thanks to a change in IRS tax law that reduces the value of bonus depreciation over the next few tax years. Let’s Start with What is Cost Segregation You or your company own commercial […]