AICPA Seeks Treasury Guidance on Section 174A Amended‑return Election
In a letter dated July 31, 2025, the American Institute of CPAs (AICPA) pressed the Department of the Treasury (and IRS) for immediate guidance on the application of Section 174A, which governs domestic research and experimental expenditures for eligible small business taxpayers Under a provision of recent legislation (Sec. 70302 of H.R. 12), eligible small businesses may … Read more
