6,256 karma · joined November 5, 2010
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What significant changes to section 174 were made in the big beautiful bill?
Key Changes The bill created a new Section 174A that restores immediate deductibility for domestic research and experimental (R&E) expenditures, largely reversing the Tax Cuts and Jobs Act requirement that had forced companies to capitalize and amortize all R&E expenses starting in 2022.
Domestic vs. Foreign Treatment:
Starting with tax years beginning after December 31, 2024, businesses may immediately deduct domestic R&E expenditures in the year they are paid or incurred
Foreign R&E expenditures must continue to be capitalized and amortized over 15 years under the original Section 174
Retroactive Relief Options:
The new rules permit taxpayers to deduct previously capitalized and unamortized domestic R&E expenditures over a one- or two-year period, and small businesses may opt to apply new Section 174A going back to 2022 and file amended returns. Eligible small business taxpayers (generally those with average annual gross receipts during the preceding three years not exceeding $31 million) can retroactively expense R&E expenditures for taxable years beginning after December 31, 2021, by filing amended returns.
Alternative Treatment: Taxpayers may still elect to capitalize and amortize domestic R&E expenditures over a period of not less than 60 months, or elect to amortize them over a 10-year period.
This represents a major win for businesses conducting research and development, as the 2022-2024 capitalization requirement had created significant tax burdens and compliance complexity.
But not something one worries or cares about if one doesn't worry about having to be elected and/or is willing to use the military to suppress dissent...
So tanking the economy is a way to keep and maintain power...
I'm curious about this. Do you have a reference for this? What is in decline specifically? Number of people drinking sugary soda? Number of sugary sodas consumed per person (on average)? Amount of sugar consumed by drinking sugary soda? I'm curious because it seems the amount of sugar per can of soda has drastically increased since the 90's. If my memory serves me well, a can of soda 20 years ago was like 26g of sugar, today they're like 53 g per soda. At least in the United States.
I think many sense this, want to get off the train, and away from the tracks but can't figure out how to do it. To pull off it seems overwhelming.