IRS Issues Guidance to Help Small Businesses Amend Prior Year Tax Returns, Deduct R&D Expenses in the Year Incurred by Matthew Ginsberg, CPA
Posted on December 09, 2025 by Matthew Ginsberg
The 2025 tax law, commonly referred to as the One Big Beautiful Bill Act (OBBBA), makes a significant change to how businesses treat specific research and experimental (SRE) expenditures by permanently restoring taxpayers’ ability to fully deduct domestic research costs immediately in the year incurred. This is a considerable win for companies that were required […]