Town Hall – Amortizing R&D Costs, Your Taxes, and Your R&D Tax Credit

Five years ago, Congress changed the law on how companies account for research and development costs on their tax returns, but it did not go into effect until 2022. At Source Advisors, companies and CPAs have inundated us with questions on how this new law works, how it impacts companies’ taxes, and when Congress will fix it.

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