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‍Curious about the impact of Section 174 on your taxes?

US tax filing

Section 174 governs how research and experimental costs are treated. Amortising them rather than deducting them in the year incurred can produce taxable income at a company that is burning cash.

Engineering salaries often fall in scope, which is why software companies feel it most. The rules have moved recently, so confirm the treatment for your tax year.

Inkle Tax prepares and files US federal and state returns for your company.

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