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Section 174 – Recently Issued Guidance & State Tax Implications

March 1, 2024
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This is a TEI event, hosted by FORVIS. Please note the registration fee for non-TEI members is $50.

Join us for an informative webinar as we explore recently issued guidance related to Section 174, contained in Notice 23-63, 24-09, and 24-12. We will discuss the practical implications of this guidance as well as the impact on taxpayers. From a SALT perspective, we will discuss state conformity to Section 174 and potential constitutional arguments that may support taxpayer's positions. We will also provide a legislative update containing the most recent developments on Capitol Hill.
 

Learning Objectives


Upon completion of this program, participants will be able to: 
  • Describe the impact on taxpayers from recently issued IRS guidance related to Section 174.
  • Discuss how to navigate and comply with recently issued guidance related to Section 174.
  • Identify recent legislative developments related to Section 174.
  • Explain the impact of Section 174 on state taxes.

 

Presenters

Adam Quattlebaum, Jack Small