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TREAS/IRS RIN: 1545-BQ18 Publication ID: Spring 2024 
Title: Research and Experimentation Expenses 
Abstract:

Section 174 requires taxpayers to amortize specified research or experimental expenditures ratably over a 5-year period (or a 15-year period in the case of specified research and experimental expenditures that are attributable to foreign research), beginning with the midpoint of the taxable year in which the specified research or experimental expenditures are paid or incurred. Further, any amount paid or incurred in connection with the development of any software is treated as a research or experimental expenditure.

 
Agency: Department of the Treasury(TREAS)  Priority: Substantive, Nonsignificant 
RIN Status: Previously published in the Unified Agenda Agenda Stage of Rulemaking: Proposed Rule Stage 
Major: No  Unfunded Mandates: No 
CFR Citation: 26 CFR 1   
Legal Authority: 26 U.S.C. 7805    26 U.S.C. 174    Pub. L. 115-97 sec. 13206   
Legal Deadline:  None
Timetable:
Action Date FR Cite
NPRM  07/00/2024 
Additional Information: REG-115449-21 (NPRM) Drafter attorney: Bruce C. Chang (202) 317-4870, John M. Deininger (202) 317-3686 Reviewer attorney: Deena Devereux (202) 317-4602 Treasury attorney: Shamik Trivedi (202) 622-6248, Heather Harman (202) 622-2623 and Dan Penrith (202) 679-2039 CC:ITA
Regulatory Flexibility Analysis Required: Undetermined  Government Levels Affected: None 
Federalism: No 
Included in the Regulatory Plan: No 
RIN Data Printed in the FR: No 
Agency Contact:
Bruce Chang
Attorney
Department of the Treasury
Internal Revenue Service
1111 Constitution Avenue NW,
Washington, DC 20224
Phone:202 317-4870
Email: bruce.c.chang@irscounsel.treas.gov

John M. Deininger
Attorney
Department of the Treasury
Internal Revenue Service
1111 Constitution Avenue NW,
Washington, DC 20224
Phone:202 317-6853
Fax:855 591-7868
Email: john.m.deininger@irscounsel.treas.gov