How Large Taxpayers Can Expense Previously Capitalized §174 Costs Under Rev. Proc. 2025-28
Rev. Proc. 2025-28 provides a practical framework for large taxpayers and taxpayers treated as tax shelters to implement the new §174A rules beginning in 2025 and to accelerate recovery of domestic §174 costs that were capitalized during 2022–2024. For most large taxpayers, the starting point is simple: the taxpayer’s accounting method choice is reflected by … Read more
