US Edition
Immediate Expensing Returns for Domestic R&D Tax Credit - ICS Tax, LLC
This story is only covered by news sources that have yet to be evaluated by the independent media monitoring agencies we use to assess the quality and reliability of news outlets on our platform. Learn more here.2 Articles
2 Articles
Immediate Expensing Returns for Domestic R&D Tax Credit - ICS Tax, LLC
The One Big Beautiful Bill Act (OBBBA) restores same-year deductions for U.S. research costs from tax years starting after December 31, 2024, but keeps 15-year amortization for foreign research. New IRC §174A allows an optional 60-month write-off and treats immediate expensing as an automatic accounting-method change with no §481(a) adjustment needed. Meanwhile, R&D credit claims now require more detailed IRS paperwork, including project-level d…
[Digital Daily Reporter Baek Ji-young] It was suggested that tax reforms, such as the existing taxation system, are necessary to expand the R&D results industry. On the 8th, the Economic 2nd Division of the Presidential Committee on State Affairs Planning held a 'R&D Promotion and Results Expansion Policy Discussion'. The meeting was attended by Hwang Jeong-ah, a member of the Economic 2nd Division of the Presidential Committee on State Affairs…
Coverage Details
Bias Distribution
- There is no tracked Bias information for the sources covering this story.
To view factuality data please Upgrade to Premium
