Navigating recent IRS guidance on R&E expenses

In this episode, host April Walker, CPA, CGMA, Senior Manager — AICPA & CIMA, delves into  the recently issued IRS Rev. Proc. 2025-28 with Mark Gallegos, CPA, MST, Partner — Porte Brown. Tune in to discover the implications of this IRS guidance and hear about the strategic decisions businesses can make to take advantage of presented opportunities. 

 What you’ll learn from this episode: 

• Details of Rev. Proc. 2025-28
• Changes made by H.R. 1, P.L. 119-21, the law known as the One Big Beautiful Bill Act (OBBBA) to Sec. 174 research & experimental (R&E) expenditures
• Options for small businesses to be able to retroactively take advantage of the changes
• Decision criteria for evaluating how to advise affected businesses
• How to navigate R&E expenditures going forward for 2025 returns 

AICPA resources

• Planning after tax changes
• Practical Insights from IRS Rev. Proc. 2025-28
• Summary of IRS released R&E expense guidance under H.R. 1 and Rev. Proc. 2025-28

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