Join this webinar which is part of a two-part series.* The TCJA requirement to capitalize and amortize Section 174 R&E expenditures for the 2022 taxable year has left many tax professionals forced to identify Section 174 R&E expenditures—a situation which often drives taxable income and cash tax payments higher for taxpayers.
In this session, we will apply Section 174 regulations and definitions to an example, highlighting differences between Section 174 and Section 41. We will also evaluate Section 280C elections and identify the required statement versus Form 3115.
Learning Objectives:
WithumSmith+Brown, PC
National Lead, Federal Tax Policy at Withum
[email protected]
(585) 313-0146
Lynn Mucenski-Keck is a tax principal with over twenty years of experience in the accounting profession and serves as the National Lead on Federal Tax Policy at Withum. She specializes in federal, domestic and international tax planning for businesses, pursuing cash optimization. Lynn testified in front of the House of Representatives Committee on Small Business focusing on many of the TCJA provisions that are set to expire, including lower individual income tax rates, the pass-through deduction (199A) and bonus depreciation decline. In addition, Lynn serves as a tax advisor to many Washington DC groups promoting proper federal tax reform for family and privately-owned businesses, including S Corporation Association, American Council of Engineering Companies, the National Automobile Dealers Association, and National Manufacturing Association.
WithumSmith+Brown, PC
Principal
[email protected]
(212) 829-3290
Tyler is a Principal at WithumSmith+Brown’s Research and Development (“R&D”) Tax Credit Services group. He joined Withum’s New York City office in 2017 after starting his career with the Big 4. In his role, Tyler helps clients across various industries maximize returns, optimize results, and increase cash flows related to R&D investments, including assistance with technical issues, research credit reviews, identification of exposure items, and defense of the credit during an examination.