{"id":2133,"date":"2022-08-01T18:19:06","date_gmt":"2022-08-01T18:19:06","guid":{"rendered":"https:\/\/gtmtax.com\/insight\/bloomberg-tax-answers-to-your-burning-re-expenditure-and-rd-tax-credit-questions-63-tax-mgmt-memo-no-16\/"},"modified":"2025-07-23T20:03:20","modified_gmt":"2025-07-23T20:03:20","slug":"bloomberg-tax-answers-to-your-burning-re-expenditure-and-rd-tax-credit-questions-63-tax-mgmt-memo-no-16","status":"publish","type":"insight","link":"https:\/\/gtmtax.com\/insight\/bloomberg-tax-answers-to-your-burning-re-expenditure-and-rd-tax-credit-questions-63-tax-mgmt-memo-no-16\/","title":{"rendered":"Bloomberg Tax: Answers to Your Burning R&E Expenditure and R&D Tax Credit Questions, 63 Tax Mgmt. Memo. No. 16"},"content":{"rendered":"
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There are two recent developments that significantly impact businesses’ entitlement to tax benefits for the cost of research and experimental (R&E) expenditures. First, for amounts paid or incurred in taxable years beginning on our after January 1, 2022, taxpayers are faced with the reality that R&E expenditures are no longer deductible but must be capitalized and amortized under\u00a0\u00a7<\/span>174 <\/span>as amended by the 2017 Tax Cuts and Jobs Act (TCJA)<\/a>.<\/p>\n

The second development, effective January 10, 2022, involved the IRS beginning to require taxpayers who claim the R&D tax credit under \u00a741 <\/span>in a refund claim to include specific and detailed information concerning the taxpayers entitlement to the claimed refund.<\/p>\n

In their latest article for Bloomberg Tax’ Tax Management Memorandum, GTM’s Jonathan Forman<\/a>, KPMG’s Hogan Humphries, TaxOps’ Jamie Overberg, and McCarter & English, LLP’s Lawrence (Larry) A. Sannicandro, provide answers to frequently asked questions about these changes and other trending topics in the R&E and R&D space.<\/p>\n

Read the article here<\/a>.<\/p>\n\n <\/div>\n<\/div><\/div>","protected":false},"template":"","meta":{"_acf_changed":false},"class_list":["post-2133","insight","type-insight","status-publish","hentry"],"acf":[],"yoast_head":"\nBloomberg Tax: Answers to Your Burning R&E Expenditure and R&D Tax Credit Questions, 63 Tax Mgmt. Memo. No. 16 - GTM Tax<\/title>\n<meta name=\"description\" content=\"In their latest article for Bloomberg Tax' Tax Management Memorandum, GTM's Jonathan Forman, KPMG's Hogan Humphries, TaxOps' Jamie Overberg, and McCarter & English, LLP's Lawrence (Larry) A. 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