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Advocacy

Small Business Taxpayer Sect. 174A Comment Letter

Jul 31, 2025 · 160.8 KB Download

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The AICPA sent a letter to both the IRS and Treasury on the recently enacted section 174A related to domestic research and experimental expenditures. AICPA is recommending immediate guidance to provide the ability for eligible small business taxpayers to immediately deduct, on their 2024 originally filed income tax returns, domestic research costs paid or incurred in taxable years beginning in 2024.

Download the Small Business Taxpayer Sect. 174A Comment Letter

File name: Small Business Taxpayer 174A- H.R. 1 Act.pdf

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