Sec. 174 Amortization Update
Everyone’s asking — Will mandatory Sec. 174 amortization be repealed? Business owners, the scientific community, and tax professionals all hope the answer is yes, but there is still a way to go. Three different bills are making waves in Congress — and bipartisan support is encouraging — but for the moment, the amortization requirement remains in effect.
As we continue to watch Congress for updates, taxpayers must seek expert guidance who can advise them of their options during this waiting game.