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Practical insights from IRS Rev. Proc. 2025-28

Sep 10, 2025 ·

SECTION

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Rev. Proc. 2025-28, issued by the IRS on Aug. 28, 2025, provides procedural guidance for taxpayers to comply with the changes to the treatment of research and experimental (R&E) expenditures under Sec. 174, as amended by H.R. 1, P.L. 119-21, the law known as the One Big Beautiful Bill Act (OBBBA). H.R. 1 introduces new Sec. 174A, which allows for the immediate deduction or electing to capitalize and amortize domestic R&E expenditures for tax years beginning after Dec. 31, 2024,

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