{"id":55617,"date":"2022-12-29T11:16:08","date_gmt":"2022-12-29T19:16:08","guid":{"rendered":"https:\/\/lapost.us\/?p=55617"},"modified":"2022-12-29T11:16:08","modified_gmt":"2022-12-29T19:16:08","slug":"treasury-irs-provide-updated-guidance-on-accounting-methods-for-specified-research-or-experimental-expenditures","status":"publish","type":"post","link":"https:\/\/lapost.us\/?p=55617","title":{"rendered":"Treasury, IRS provide updated guidance on accounting methods for specified research or experimental expenditures"},"content":{"rendered":"<p>IR-2022-235, <strong>Dec. 29, 2022,\u00a0WASHINGTON<\/strong> \u2014 The Treasury Department and Internal Revenue Service today issued <a href=\"https:\/\/www.irs.gov\/pub\/irs-drop\/rp-23-11.pdf\">Revenue Procedure 2023-11<\/a> providing updated guidelines for accounting method changes for specified research or experimental expenditures.<\/p>\n<p>&nbsp;<\/p>\n<p>The new guidance, posted today on IRS.gov, modifies and supersedes <a href=\"https:\/\/www.irs.gov\/pub\/irs-drop\/rp-23-08.pdf\">Revenue Procedure 2023-8<\/a>, issued earlier this month. Revenue Procedure 2023-11 is designed to encourage timely compliance with changes made by the Tax Cuts and Jobs Act, enacted in 2017.<\/p>\n<p>&nbsp;<\/p>\n<p>In general, the TCJA changes apply for specified research or experimental expenditures paid or incurred in taxable years beginning after Dec. 31, 2021.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>IR-2022-235, Dec. 29, 2022,\u00a0WASHINGTON \u2014 The&#46;&#46;&#46;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[],"class_list":["post-55617","post","type-post","status-publish","format-standard","hentry","category-business"],"_links":{"self":[{"href":"https:\/\/lapost.us\/index.php?rest_route=\/wp\/v2\/posts\/55617","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lapost.us\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lapost.us\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lapost.us\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/lapost.us\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=55617"}],"version-history":[{"count":1,"href":"https:\/\/lapost.us\/index.php?rest_route=\/wp\/v2\/posts\/55617\/revisions"}],"predecessor-version":[{"id":55618,"href":"https:\/\/lapost.us\/index.php?rest_route=\/wp\/v2\/posts\/55617\/revisions\/55618"}],"wp:attachment":[{"href":"https:\/\/lapost.us\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=55617"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lapost.us\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=55617"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lapost.us\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=55617"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}