IRS clarity for R&D tax breaks helps ease their uncertain future

IRS clarity for R&D tax breaks helps ease their uncertain future

January 29, 2024

United States
United States
United States

Tax professionals have entered 2024 faced with the daunting task of forecasting future tax obligations in a time of uncertainty. The future of three key business provisions included in the TCJA – bonus depreciation, amortization of R&D expenditures, and the limitation on business interest deductions – is creating some of the greatest uncertainty.

In this article published in Bloomberg Tax, Eversheds Sutherland attorneys Ellen McElroy and Michael Resnick discuss a number of tax planning tools businesses should be aware of that may be available to strengthen or protect key tax positions.

 

Publication: Bloomberg Tax

 

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Key contacts

ellenmcelroy@eversheds-sutherland.com

Ellen McElroy

Partner

Washington, DC, United States

michaelresnick@eversheds-sutherland.com

Michael D. Resnick

Counsel

Washington, DC, United States

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