Encouraging and supporting research and development (R&D) has been a fundamental principle in U.S. tax policy. The R&D tax credit allows many small and medium businesses to innovate and financially grow. However, in 2022, Congress implemented a significant change to IRC Section 174 which mandates R&D costs to be amortized over five years, rather than taking an immediate deduction. This resulted in a substantial tax burden on businesses. To ensure compliance and maximize the benefits of R&D tax credits, companies must keep tabs on the new legislative developments that will likely impact their tax liability. Listen as a panel of distinguished thought leaders and practitioners organized by The Knowledge Group offers a comprehensive roadmap to successfully navigate the recent shifts in R&D tax credits and amortization. Speakers will provide powerful insights on how to leverage opportunities.