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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

Reminder: Minnesota Increased its R&D Tax Credit Rate

Reminder: Minnesota Increased its R&D Tax Credit Rate For tax year 2017 and forward, companies spending significant research dollars in

Source Advisors January 25, 2019

R&D

Tax Cuts and Jobs Act Impacts R&D Tax Credit

Tax Cuts and Jobs Act Impacts R&D Tax Credit Given the recent passage of the Tax Cuts and Jobs Act,

Source Advisors February 18, 2018

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 this memo, the Service describes what information they think taxpayers should include in a research credit claim for the IRS to consider the claim valid. Per the CCA, the IRS

Deb Roth, CPA August 2, 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

COST SEGREGATION

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 on the definition of “real property” under Code § 1031. The definition in the proposed regulations would permit many assets identified as shorter-life property in a cost segregation study to

Greg Bryant June 27, 2020

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. Proc. 2020-22 to its website. This new revenue procedure provides guidance allowing taxpayers to make or revoke certain elections under Code section 163(j) and also provides guidance on the implementation

Greg Bryant April 27, 2020

§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

cost segregation operating loss paperwork

§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

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 and economic stimulus provisions. The bill fulfilled a long-awaited promise by Congress to clarify the treatment of the Payroll Protection Plan’s forgiveness. Since the passage of the PPP, one of

Deb Roth, CPA December 12, 2020

§45L

stack of newspapers with news of source advisors

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

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

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Tax News

Explore Recent Tax News

IRS Updates Accounting Method Change Procedures for R&E Expenditures

IRS Updates Accounting Method Change Procedures for R&E Expenditures

4 States Offering Limited Windows for Tax Amnesty

4 States Offering Limited Windows for Tax Amnesty

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

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

R&D

Reminder: Minnesota Increased its R&D Tax Credit Rate

Tax Cuts and Jobs Act Impacts R&D Tax Credit

Chief Counsel Advice Memorandum 20214101F

House of Reps Unveiled Three Proposed Tax Bills

COST SEGREGATION

Proposed Section 1031 Regulations

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

§179D

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

Inflation Reduction Act Tax Savings For Real Estate

Treasury Releases Green Book

Energy Efficient Commercial Buildings Deduction

New Bill Outlines Covid Relief and Economic Stimulus Provisions

New Bill Outlines Covid Relief and Economic Stimulus Provisions

§45L

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

Inflation Reduction Act Tax Savings For Real Estate

Treasury Releases Green Book

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