2023 Research & Development: An Overview of Sections 41 and 174

Bloomberg Tax’s R&D Overview will help you determine which expenses are creditable under §41 as well as which expenses need to be amortized under §174. The overview also addresses the tax treatment under both sections, the credit computation, and the appropriate amortization period for both U.S. and foreign research & development expenses.

This report clarifies the more technical aspects, including:

  • Qualifying and non-qualifying expenses
  • Methodologies for computation
  • The 280C(c) election and its applicability as well as when to file Form 3115
  • Additional commentary and links to primary and related resources

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