Surgent's Critical Tax Season Updates: Section 174 Capitalization of Research and Experimentation Costs

Course Details


Wednesday, February 15, 2023

9:00am – 11:00am

Field of Study


Course Number


CPE Credit

2.0 hours CPE credit

Level of Knowledge



Surgent McCoy CPE, LLC




Among the massive tax changes in the TCJA bill was a delayed time bomb targeting the 2022 tax year. As taxpayers hold their breath hoping for a fix from Congress, tax preparers need to grapple with the law currently on the books: Section 174 capitalization of research and experimentation (R&E) costs. The change to R&E will have an outsized impact on taxpayers in industries as varied as software development, manufacturing, and financial services, from multi-billion-dollar corporations to mom-and-pop businesses, as there are no small business exceptions. This impact needs to be evaluated and quantified before filing extensions or business tax returns for 2022. This course will equip tax preparers with necessary information to educate their clients and make informed decisions on how to comply with Section 174 requirements.


  • Legislative history and hopes for “the fix”
  • Why Section 174 amortization is a game-changer for certain industries
  • Identifying activities giving rise to Section 174 costs
  • Section 174 research and experimentation (R&E) costs and Section 41 research and development (R&D) credit: similarities and differences
  • IRS guidance and areas of uncertainty


  • Understand Section 174 amortization and its impact on taxpayers
  • Identify Section 174 costs
  • Be aware of challenges and difficulties for the 2022 tax season

Designed For

Any accounting and finance practitioner preparing or reviewing business tax returns for 2022

Registration for this course has passed.

Course Pricing

Member Fee

Applicable if you are a HSCPA member in good standing.

Non-Member Fee

Applicable if you are not a HSCPA member.

Your Price $149.00

CPE Choice

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This course does not qualify for CPE Choice.

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