28 August 2025 IRS provides guidance on accounting method changes for domestic research and experimental expenses The IRS in Revenue Procedure 2025-28, released August 28, 2025, updates the procedures for making various elections, filing amended returns and requesting accounting method changes for domestic research or experimental expenses to account for changes under the "One, Big, Beautiful Bill Act." The Revenue Procedure also extends the time for certain taxpayers to file superseding tax returns for the 2024 tax year. A Tax Alert is forthcoming.
Document ID: 2025-1774 | ||