Bad News for Federal R&D Tax Incentives with TCJA
03 Mar, 2022
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You may have missed it, but a requirement in the 2017 Tax Cuts and Jobs Act (TCJA) will force all businesses, including federal contractors, to begin amortizing R&D investments over 5 years rather than expensing them in the same year that the costs were incurred. As you are aware there is a time value associated with money so this change will diminish the tax advantages for contractors that invest in R&D. There are quite a few negatives associated with this...