IRS Releases Guidance on Changes to R&E Expensing

Among its numerous tax provisions, the One Big Beautiful Bill Act (OBBBA) reinstated immediate deductions for research and experimental (R&E) expenditures under Internal Revenue Code Section 174, beginning in 2025. The IRS has recently issued transitional guidance...

Valuation Perspective: C Corporations and OBBBA

This article is the third article in a series of three intended to discuss the recent changes in income tax policy and how changes may impact business value. The first article provided general observations related to the new tax policy. The second article focused on...