IRS clarity for R&D tax breaks helps ease their uncertain future

Tax professionals have entered 2024 faced with the daunting task of forecasting future tax obligations in a time of uncertainty. The future of three key business provisions included in the TCJA – bonus depreciation, amortization of R&D expenditures, and the limitation on business interest deductions – is creating some of the greatest uncertainty.

In this article published in Bloomberg Tax, Eversheds Sutherland attorneys Ellen McElroy and Michael Resnick discuss a number of tax planning tools businesses should be aware of that may be available to strengthen or protect key tax positions.

 

Publication: Bloomberg Tax

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