Re: (US) Internal Revenue Code (IRC) Section 174 "The Tax Cuts and Jobs Act was enacted more than five years ago, but certain changes under the legislation are

Re: (US) Internal Revenue Code (IRC) Section 174 "The Tax Cuts and Jobs Act was enacted more than five years ago, but certain changes under the legislation are only now coming into focus as taxpayers prepare their 2022 tax returns. In particular, there are significant changes as to the deductibility of certain research and experimentation expenses, as well as the ability to utilize net operating loss (NOL) carryforwards. These changes may result in greater tax liabilities for companies and may also affect certain qualified small business stock eligibility requirements". ref/ https://www.cooley.com/news/insight/2023/2023-04-28-startups-rd-heavy-companies-higher-tax-2022 https://www.cooley.com/news/insight/2023/2023-04-28-startups...