Understanding How New IRS Rules Can Impact Your SBIR/STTR Award

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Date(s) - 18 Jan 2024
11:00 AM - 12:00 PM


Do you know if the new IRS rules apply to your R&D activities?

Don’t miss this webinar to learn more about IRS Section 174 and what it means to you.

January 18, 2024



The Tax Cuts and Jobs Act of 2017 included major changes to Section 174 of the Internal Revenue Service (IRS) Code and could significantly impact small businesses with SBIR/STTR awards and other R&D grants and contracts. These changes require businesses to amortize research and development (R&D) expenses over a five-year period instead of deducting them in the year they were incurred.

The IRS recently released guidance regarding these new rules.

Join our expert in this virtual session to learn more about IRS Section 174 and how it may impact your accounting of SBIR/STTR and R&D expenditures.

 We’ll review:

  • What you should know about Section 174 and what research activities are affected by the new rules.
  • How you should analyze software development costs under Section 174.
  • How to identify contract research agreements that are impacted by Section 174.
  • What is considered in Section 174 tax implications of disposing of, abandoning, or retiring Section 174 property.
  • Common misconceptions and more!

Who should attend:

  • Companies from startups with less than 500 employees who do early-stage, technical R&D
  • Companies who are seeking early-stage, non-dilutive funding for research toward product development, including from SBIR/STTR.

About the Presenter: Lynn M. Mucenski-Keck, National Lead of Federal Tax Policy, Withum

Lynn has over twenty years of experience in the accounting industry specializing in federal, domestic and international tax planning for businesses, pursuing optimization to maximize cash impact.


Presented to you by FL FAST and Cenfluence

The Florida High Tech Corridor is pleased to present this workshop through our FL FAST Program funded by a grant from the Small Business Administration’s Federal and State Technology (FAST) Partnership Program.