IRS provides relief for small businesses navigating Section 174 research expenses
The IRS has finally delivered guidance that many small businesses have been waiting for. Revenue Procedure 2025-28 gives qualified small business taxpayers a practical way to handle their research and experimental (R&E) expenditures retroactively, without the hassle of amending multiple prior-year returns. If your business invests in R&E activities, this could significantly simplify your 2024 […]