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IRS Updates Accounting Method Change Procedures for R&E Expenditures

Matt McKinney September 16, 2026

IRS Updates Accounting Method Change Procedures for R&E Expenditures Revenue Procedure 2026-32 provides updated procedures for accounting method changes under Sections 174 and 174A following the One, Big, Beautiful Bill Act. The Internal Revenue Service (IRS) released Revenue Procedure 2026-32, providing updated procedures for taxpayers seeking automatic consent to change their methods of accounting for research or experimental (R&E) expenditures under Sections 174 and 174A. The guidance primarily modifies previous procedures to incorporate changes necessitated by the One, Big, Beautiful

IRS Updates Accounting Method Change Procedures for R&E Expenditures

September 16, 2026 No Comments

4 States Offering Limited Windows for Tax Amnesty

4 States Offering Limited Windows for Tax Amnesty Four states are currently offering programs that can eliminate or reduce sales and use tax penalties and interest are presently open. Indiana closes first, on September 9, 2026, while Illinois, New York, and Washington run later into 2026 under narrower terms. The

September 3, 2026 No Comments

Sales and Use

4 States Offering Limited Windows for Tax Amnesty

4 States Offering Limited Windows for Tax Amnesty Four states are currently offering programs that can eliminate or reduce sales

Joe Jacoby September 3, 2026

Sales and Use

Exemption Certificates Under Scrutiny: Five Documentation Failures That Create Sales Tax Exposure

Exemption Certificates Under Scrutiny: Five Documentation Failures That Create Sales Tax Exposure Exemption certificates are often treated as routine paperwork:

Deborah Dingess, Kamal Shah, CPA August 6, 2026

SaaS

State Tax Amnesty and Penalty Relief Programs: Indiana, Illinois, and Washington

State Tax Amnesty and Penalty Relief Programs: Indiana, Illinois, and Washington Several states are offering limited-time tax amnesty and penalty

Kenneth Harris July 31, 2026

R&D

UAE Rolls Out New R&D Tax Credit

UAE Rolls Out New R&D Tax Credit The United Arab Emirates (UAE) has moved toward reshaping its tax and investment

Moi Romero, Alex Velazquez May 29, 2026

one big beautiful bill

IRS Releases Rev. Proc. 2025-28: New Guidance on R&D Deductions Under OBBBA

IRS Releases Rev. Proc. 2025-28: New Guidance on R&D Deductions Under OBBBA On August 28, 2025, the IRS issued Rev.

Deb Roth, CPA, Matt McKinney August 29, 2025

Georgia State Research Credit Carryforward Period Update

Georgia State Research Credit Carryforward Period Update The state of Georgia has announced a change to the carryforward period for

Source Advisors January 1, 2025

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R&D

Upcoming Changes to Form 6765: What Taxpayers Need to Know for 2024 and Beyond

Upcoming Changes to Form 6765: What Taxpayers Need to Know for 2024 and Beyond The Internal Revenue Service (IRS) is

Deb Roth, CPA October 2, 2023

R&D

Chief Counsel Advice Memorandum 20214101F

Chief Counsel Advice Memorandum 20214101F On Friday, October 15th, 2021, the Internal Revenue Service published Chief Counsel Advice Memorandum 20214101F. In

Deb Roth, CPA August 2, 2023

cost segregation operating loss paperwork

R&D | Cost Seg

House of Reps Unveiled Three Proposed Tax Bills

House Bills Spur Discussion of Business Tax Extenders On Friday, June 9, 2023, the House of Representatives unveiled three proposed

Matt McKinney June 12, 2023

UAE Rolls Out New R&D Tax Credit

UAE Rolls Out New R&D Tax Credit The United Arab Emirates (UAE) has moved toward reshaping its tax and investment landscape, announcing the launch of a new research and development (R&D) tax credit beginning in 2026. Unveiled by the Ministry of Finance (MoF) in March, the incentive is part of

Moi Romero May 29, 2026

IRS Releases Rev. Proc. 2025-28: New Guidance on R&D Deductions Under OBBBA

IRS Releases Rev. Proc. 2025-28: New Guidance on R&D Deductions Under OBBBA On August 28, 2025, the IRS issued Rev. Proc. 2025-28, which provides procedures for making elections and changing accounting methods related to research and development (R&D) expenses under the One, Big, Beautiful Bill Act (OBBBA). This guidance is

Deb Roth, CPA August 29, 2025

COST SEGREGATION

Cost Seg

Net Operating Losses Vs. Passive Activity Losses for Cost Segregation

Net Operating Losses Vs. Passive Activity Losses for Cost Segregation When the CARES Act temporarily revived five-year Net Operating Loss

Matt McKinney July 29, 2023

R&D | Cost Seg

House of Reps Unveiled Three Proposed Tax Bills

House Bills Spur Discussion of Business Tax Extenders On Friday, June 9, 2023, the House of Representatives unveiled three proposed

Matt McKinney June 12, 2023

Cost Seg

The Final Bonus Depreciation Regulations

The Final Bonus Depreciation Regulations On September 21, 2020, the IRS released an advance copy of the final bonus depreciation

Greg Bryant September 28, 2020

Cost Seg

The Current State of ADS Under the TCJA and CARES ACT

The Current State of ADS Under the TCJA and CARES ACT Introduction to the ADS The Alternative Depreciation System is

Greg Bryant September 20, 2020

Cost Seg

Proposed Section 1031 Regulations

Proposed Section 1031 Regulations On June 12th, 2020, the Treasury published REG-117589-18 in the Federal Register. These proposed reliance regulations provide guidance

Greg Bryant June 27, 2020

Cost Seg

Rev. Proc. 2020-22 Changes to the Section 163(J) Interest Limitation

Rev. Proc. 2020-22 Changes to the Section 163(J) Interest Limitation On April 10th, 2020, the Internal Revenue Service posted Rev.

Greg Bryant April 27, 2020

Net Operating Losses Vs. Passive Activity Losses for Cost Segregation

Net Operating Losses Vs. Passive Activity Losses for Cost Segregation When the CARES Act temporarily revived five-year Net Operating Loss (NOL) carrybacks and eliminated the 20% haircut, there were many articles written on using them in combination with the fixed “retail glitch” for Qualified Improvement Property (QIP). Often overlooked in

Matt McKinney July 29, 2023

House of Reps Unveiled Three Proposed Tax Bills

House Bills Spur Discussion of Business Tax Extenders On Friday, June 9, 2023, the House of Representatives unveiled three proposed tax bills. We view these bills as an opening offer, unlikely to pass in their present form, but they will inform later Congressional debate. In this summary, we will focus

Matt McKinney June 12, 2023

§179D

§179D

IRS Announcement 2024-24: Updated Reference Standard 90.1 for § 179D

IRS Announcement 2024-24: Updated Reference Standard 90.1 for § 179D Announcement 2024-24 refers to the upcoming updates that will align

Imran Syed May 20, 2024

§179D | §45L

Inflation Reduction Act Tax Savings For Real Estate

Inflation Reduction Act Tax Savings for Real Estate On Tuesday, August 16, 2022, the Senate passed the Amendment of H.R. 5376,

Imran Syed July 21, 2023

45L | 179D

Treasury Releases Green Book

Energy Efficient Commercial Buildings Deduction On Friday, May 28th, 2021, the Treasury Department released the Green Book, also known as the

Imran Syed June 4, 2021

§179D

Energy Efficient Commercial Buildings Deduction

Energy Efficient Commercial Buildings Deduction On December 27, 2020, a $1.4 trillion omnibus spending bill with tax extenders was signed

Imran Syed December 30, 2020

woman using phone with money signs floating above

R&D | §179D

New Bill Outlines Covid Relief and Economic Stimulus Provisions

New Bill Outlines Covid Relief and Economic Stimulus Provisions Congress passed the Appropriations bill, which included the latest Covid relief

Deb Roth, CPA December 12, 2020

IRS Announcement 2024-24: Updated Reference Standard 90.1 for § 179D

IRS Announcement 2024-24: Updated Reference Standard 90.1 for § 179D Announcement 2024-24 refers to the upcoming updates that will align the § 179D tax deduction with ASHRAE 90.1-2022. Energy Efficient Commercial Building Property (as defined under Section 179D of the Internal Revenue Code) placed in service after December 31, 2028,

Imran Syed May 20, 2024

Inflation Reduction Act Tax Savings For Real Estate

Inflation Reduction Act Tax Savings for Real Estate On Tuesday, August 16, 2022, the Senate passed the Amendment of H.R. 5376, “The Inflation Reduction Act.” This bill contains many energy-related tax provisions. For many building owners, developers, and designers, the most important provisions are the significant changes to the New Energy

Imran Syed July 21, 2023

§45L

45L

Notice 2023-65: New Guidance on Section 45L Energy Efficient Home Credit

Notice 2023-65: New Guidance on §45L Energy Efficient Home Credit Section 45L Energy Efficient Home Credit was extended and amended

Imran Syed October 28, 2023

§179D | §45L

Inflation Reduction Act Tax Savings For Real Estate

Inflation Reduction Act Tax Savings for Real Estate On Tuesday, August 16, 2022, the Senate passed the Amendment of H.R. 5376,

Imran Syed July 21, 2023

45L | 179D

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