New Fed R&D expense amortization requirement

Technical topics regarding tax preparation.
#1
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can't see how the irs could detect that even on audit if the r and d credit is not also claimed (on possibly a subset of r and d expenses) or if the biz has little or no income, and is a tech startup.
 

#2
sjrcpa  
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If it's a tech start up, I would think it's a must ask question.
 

#3
Coddington  
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If the PBA is in the right industry and there is no amortization on Form 4562, it would be easy. They could also query if there is a 6765 in 2021 and no 6765 in 2022.
-Brian

Director of Tax Accounting Methods & Credits
SourceAdvisors.com

Opinions my own.
 


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