Recorded on February 9, 2023 

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As part of the Tax Cuts and Jobs Act of 2017, Congress changes how taxpayers write off R&D expenses. Starting on January 1, 2022, firms could no longer write off R&D expenses in the year they were incurred and now must amortize those expenses over five years in most cases.

There has been much confusion on how these provisions interact with the R&D Tax Credit. The Amortization and Credit provisions are governed by different sections of the Internal Revenue Code and as such, even those firms that have not taken advantage of the R&D Tax Credit will be subject to these rules. In fact, use of the R&D Tax Credit is a recommended strategy to partially mitigate the impact of the Amortization rules.

Hear from Katharine Mottley, ACEC VP of Tax and Workforce Policy, and Thomas Moul, CPA, Stambaugh Ness, about the issue, ACEC's efforts to repeal the policy, and what you can do to urge Congress to take action.