The IRS recently issued a notice covering Section 174 capitalization and amortization of R&D costs, The notice contemplates possible reinstatement of current expensing of these costs and provides directional guidance on a prospective basis.

IN THIS EPISODE
Cristy Turgeon, PwC’s Federal Tax Services Practice Leader
Dennis Tingey, Partner, PwC’s Federal Tax Services Practice
Adam Hales, Director, PwC’s Federal Tax Services Practice

In case you missed it:
PwC Insight: IRS issues initial guidance on Section 174 amortization