In 2022, a change to the Section 174 tax code requires companies to amortize their research and experimentation (R&E) expenses over five years instead of immediately expensing them. Learn why engineering-focused companies are concerned that this could increase their tax liability as much as five times. While many accounting firms are advising companies to amortize all project expenses, our research shows this advice is incorrect. During this session the speaker will discuss these rule changes and the new IRS procedures. You will leave with a solid understanding of how your company can continue expensing project costs, as you always have, saving you money.