The TCJA requirement to capitalize and amortize Section 174 R&E expenditures for the 2022 taxable year has left many tax professionals forced to identify Section 174 R&E expenditures and often is driving taxable income and cash tax payments higher for many taxpayers.
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WithumSmith+Brown, PC
National Lead, Federal Tax Policy at Withum
lmucenskikeck@withum.com
(585) 313-0146
Lynn has over twenty years of experience in the accounting industry specializing in federal domestic and international tax planning for businesses, pursuing optimization to maximize cash impact. In her pervious firm, she helped initiate, establish, and co-lead the PPP & More Consulting team for purposes of disseminating information internally and externally regarding the Families First Coronavirus Response Act, CARES Act, Consolidated Appropriations Act, 2021, and American Rescue Plan Act. This included leading multiple external webinars with over 3,000 participants, writing client alerts, as well as conducting internal trainings and the creation of standard PPP debt forgiveness and ERC reports. Lynn received her Bachelor of Science degree in Accounting from St. John Fisher College and a Master’s in Taxation from the University of Denver. She is a CPA, licensed in New York and a member of the American Institute of Certified Public Accountants. Most recently, Lynn was appointed as a Forbes Tax Contributor in February of 2021.