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Section 174 does NOT trump Section 162

June 8, 2023 / Ed Jameson / Blog Posts
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We are not aware of any Treasury regulations related to IRS Section 174 trumping IRS Section 162 published to date, although the fearmongering surrounding this topic is deafening. In fact, we believe that most for-profit R&D companies will not need to amortize their expenses, other than IR&D.

In May, we participated in a 60-minute SBTC webinar focused on Section 174 and Section 162. During this highly informative and nuanced webinar, top subject matter experts discussed both sections from the perspective of existing Supreme Court cases and IRS Chief Counsel memoranda.

Watch the SBTC Section 174 and 162 webinar

Because we believe the insights found in this webinar are critically important to our clients and all SBIR/STTR recipients, we are sharing the hour-long discussion in its entirety.

View the full SBTC Webinar to understand the power of Section 162, then discuss this information with your CPA.

For a broader overview of  Section 174 and 162, read our earlier blog here.

Ed Jameson, CPA, Managing Partner

I’ve been in practice for over 40 years helping our small business clients procure, manage, and survive audits on more than $6 billion in federal government contract and grant funding. We’ve been featured presenters and panel moderators at Tech Connect’s National SBIR/STTR conferences since 2010, and I’ve presented at the DOD’s Mentor Protégé Summit and present regularly for several state and local organizations.