How a Bipartisan Tax Bill Would Affect Business Tax Deductions and Credits
Delay of Limits on Tax Deductions TRAFWA would delay the implementation of two significant provisions of the Internal Revenue Code (IRC) that affect business tax deductions. Capitalization of Research Expenses under § 174 Section 174 of the IRC bars taxpayers from deducting “specified research or experimental expenditures” (SRE) during the tax year that they incur […]
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