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April 7, 2021
2021-0716

Tuesday, April 27 | Upcoming changes to IRC Section 174: Amortization of research and experimental expenditures (1:00 pm ET)

The 2017 Tax Cuts and Jobs Act (TCJA) included many provisions that were intended as “revenue raisers” to offset some of the more taxpayer-favorable aspects of the TCJA. One such provision, scheduled to come into effect for tax years beginning on or after 1 January 2022, is the required amortization of what are currently deductible research and experimental (R&E) expenditures (over 5 years for domestic R&E, 15 years for foreign). With 2022 looming closer, taxpayers are newly focused on both the implications of the TCJA changes to IRC Section 174 as well as potential planning.

The following topics will be discussed:

  • The upcoming changes to IRC Section 174
  • The potential tax and operational impact of these changes
  • Immediate and long-term potential planning
  • Proposed legislation

Date: Tuesday, 27 April 2021

Time: 1:00–2:00 p.m. EDT New York; 10:00–11:00 a.m. PDT Los Angeles

Registration: View archive here.

Panelists

  • Alexa Claybon, Principal, National Tax – Accounting Periods, Methods and Credits, Ernst & Young LLP
  • Rayth Myers, Senior Manager, National Tax – Accounting Periods, Methods and Credits, Ernst & Young LLP
  • Nicole Gresalfi, Manager, National Tax – Accounting Periods, Methods and Credits, Ernst & Young LLP

Moderator

  • Craig Frabotta, Principal, National Tax – Accounting Periods, Methods and Credits, Ernst & Young LLP

CPE credit offered: up to 1.2 depending on duration. Recommended field of study: Taxes. Learning objective: Understand the upcoming changes to Section 174 and related potential tax and operational implications for businesses. This intermediate level, group internet-based course has no prerequisites or advanced preparation. Final CPE award to be based on content, polling and length of participation. See CPE FAQ for more information.

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