One U.S. agency that many people fear is the Internal Revenue Service (IRS). Of course, there is no need to fear when you honestly report your taxes. When taxes are not reported honestly, there is a good reason to fear the agency because it has more power than any other U.S. agency. The IRS operates…
Why Full Expensing of R&D Should Remain in the Tax Code
March 3, 2021
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asset depreciationbusiness investmentfederal revenuefull expensingOpinionresearch and developmentTax benefitstax codeTax Cuts and Jobs ActTax DeductiontaxesViewpoints
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Commentary Ask a thousand random people what the 2017 tax reform law did, and probably none of them would tell you about full expensing of business investments—instead, they’d likely cite individual or corporate income tax reductions. And yet, the ability to immediately deduct investment expenses was one of the most important, pro-growth provisions in the…
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