{"id":2137,"date":"2023-05-25T16:30:39","date_gmt":"2023-05-25T16:30:39","guid":{"rendered":"https:\/\/gtmtax.com\/insight\/bloomberg-tax-answers-to-your-burning-re-expenditure-and-rd-tax-credit-questions\/"},"modified":"2025-07-23T20:03:22","modified_gmt":"2025-07-23T20:03:22","slug":"bloomberg-tax-answers-to-your-burning-re-expenditure-and-rd-tax-credit-questions","status":"publish","type":"insight","link":"https:\/\/gtmtax.com\/insight\/bloomberg-tax-answers-to-your-burning-re-expenditure-and-rd-tax-credit-questions\/","title":{"rendered":"Bloomberg Tax: Answers to Your Burning R&E Expenditure and R&D Tax Credit Questions"},"content":{"rendered":"
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There are two developments that significantly impacted businesses’ entitlement to tax benefits for the cost of research and experimental (R&D) expenditures. First, for amounts paid or incurred in taxable years beginning on or 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 \u00a7174. The second development, effective January 10, 2022, involved the IRS beginning to require taxpayers who claim the R&D tax credit under \u00a741 in a refund claim to include specific and detailed information concerning the taxpayer’s entitlement to the claimed refund.<\/p>\n

In his latest article<\/a> for Bloomberg Tax’s recent Guide to R&D Tax Rules and Analysis, GTM’s Jonathan Forman provides answers to frequently asked questions on trending topics in the R&E and R&D space. He is joined by KPMG’s Hogan Humphries, TaxOps’ Jamie Overberg, and McCarter & English’s Lawrence Sannicandro.<\/p>\n

Read the article here<\/a>.<\/p>\n\n <\/div>\n<\/div><\/div>","protected":false},"template":"","meta":{"_acf_changed":false},"class_list":["post-2137","insight","type-insight","status-publish","hentry"],"acf":[],"yoast_head":"\nBloomberg Tax: Answers to Your Burning R&E Expenditure and R&D Tax Credit Questions<\/title>\n<meta name=\"description\" content=\"In his latest article for Bloomberg Tax's recent Guide to R&D Tax Rules and Analysis, GTM's Jonathan Forman provides answers to frequently asked questions on trending topics in the R&E and R&D space. 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