In this episode of Let's Talk Tax, host ⁠TJ Sponsel⁠ welcomes back guest ⁠David Seibel⁠, principal of McGuire Sponsel's ⁠R&D Tax Credit Services⁠ practice, to discuss the implications of IRC 174 amortization. They delve into the expected permanence of these regulations for the 2024 tax year, the likelihood of changes in 2025, and the potential impacts of retroactivity. Their conversation also explores corrective actions for CPA firms and clients who have yet to comply with IRC 174, providing crucial insights for navigating this complex landscape. Stay tuned to understand the balance between compliance and mitigation of tax burdens in the evolving tax environment.

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