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Prior to 2022, many taxpayers deducted research and experimental (R&E) expenditures when they were paid or incurred. a. b. Explain how this pre-2022 treatment
Prior to 2022, many taxpayers deducted research and experimental (R&E) expenditures when they were paid or incurred. a. b. Explain how this pre-2022 treatment differs from their deductibility in 2022 and later years. Would most taxpayers prefer the pre-2022 treatment of R&E expenditures or their treatment in 2022 and later years? a. Explain how this pre-2022 treatment differs from their deductibility in 2022 and later years. OA. For taxable years that began before January 1, 2022, a taxpayer had two alternatives for deducting R&E expenditures. B. Pre-2022, research and experimental expenditures could be expensed or amortized, based on an election made by the C. Pre-2022, research and experimental expenditures could be expensed or amortized, based on an election made by the D. For taxable years that began before January 1, 2022, a taxpayer had three alternatives for deducting R&E expenditures b. Would most taxpayers prefer the pre-2022 treatment of R&E expenditures or their treatment in 2022 and later years? OA. Most taxpayers would prefer the pre-2022 treatment of R&E expenditures because the deductions' tax savings are realiz taxpayer were in a low tax bracket. The flexibility that pre-2022 tax law provided is not available in 2022 and later years. B. Most taxpayers would prefer the pre-2022 treatment of R&E expenditures because the deductions' tax savings are realize taxpayer were in a low tax bracket. The flexibility that pre-2022 tax law provided is not available in 2022 and later years. OC. Most taxpayers would prefer the 2022 treatment of R&E expenditures because the deductions' tax savings are spread ove have been beneficial if the taxpayer were in a low tax bracket. OD. Most taxpayers would prefer the 2022 treatment of R&E expenditures because the deductions' tax savings are spread ove been beneficial if the taxpayer were in a high tax bracket.
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