CohnReznick | 1 CPE | SECTION 174 AND THE CONNECTION TO R&D TAX CREDITS
Join us for an informative webinar, where we will review the key concerns around Section 174 and its far-reaching impact. We will also cover the connection this law has to the Research & Development tax credit and method of accounting decisions.
The new Section 174 law – which went into effect for taxable years beginning after Dec. 31, 2021 – was enacted as part of the Tax Cut and Jobs Act and potentially impacts all taxpayers.
It’s far-reaching implications for any company that has qualified research expenditures connected to the Research & Development tax credit or costs categorized as Section 174 expenses, such as utilities, lab materials, attorney fees, depreciation, rent, computer supplies, and others, under the revised code and regulations, have become a key topic of concern for many private company leadership teams.