R&D Capitalization makes its crash landing onto 2022 tax returns!
Historically, companies performing R&D have enjoyed a full deduction for these costs and likely an R&D credit to boot. R&D Capitalization rules taking effect in 2022 could turn an expected tax loss and/or credit into an unexpected tax bill. Discover how R&D Capitalization might affect your tax return and, more importantly, the tools Withum has prepared to combat a phantom income situation.
More R&D News
Steps To Prepare for the 2022 R&E Capitalization Requirement
A new and significant deduction limitation for research and experimental (R&E) expenses takes effect in 2022. The ability to expense R&E spending, coupled with the research and development (R&D) tax […]
Insights on R&D Capitalization
Lenny Smith, Team Leader of Withum’s Life Science Tax Services discusses R&D Capitalization.
Could You Benefit from a R&D Tax Credit Analysis?
With the continued requirement to amortize 2023 R&E expenditures, more companies are finding themselves in a position to pay income taxes. This is primarily because NOLs incurred after December 31, […]
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For more information on this topic, please contact a member of Withum’s R&D Tax Services Team.
