IRS releases Rev. Proc. 2025-28 for tax planning

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Federal Tax Educator and Author

2mo

Late last week, the IRS released Rev. Proc. 2025-28, a gold mine of tax planning opportunities for taxpayers with capitalized research expenses for 2022-2024. Immediate attention is needed for 2024 returns to optimize the tax benefits! Read more ⬇️

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Thomas A. Gorczynski, EA, USTCP

Federal Tax Educator and Author

2mo

https://www.tomtalkstaxes.com/p/ob3-act-research-expense-guidance

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Jason Mollner

Partner, MSC.TAX

2mo

How certain are you about that option 2b? I can see your argument but I don't see anyone else publishing that option. It looks like 7.02 doesn't explicitly allow a procedure to recover the unamortized amounts in 2024, only a procedure to file the statement in lieu for that year and apply the small business retroactive method. BUT - this feels superfluous with the options provided in Section 3 if it isn't offering anything different.

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IRS releases Rev. Proc. 2025-28 for tax planning

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