After the Dust Settles: OBBA, Section 174 Expensing, and the Evolving R&D Credit Landscape- PICPA Townhall

Time: 2:00–3:00 PM ET
Location: PICPA Town Hall (virtual)

As implementation experience with the One Big Beautiful Bill Act (OBBA) continues to develop, CPAs are gaining clearer insight into how the legislation interacts with Section 174 capitalization rules and the federal R&D tax credit. With initial filings behind us, the practical impact of these changes—and the areas drawing increased attention—are becoming more apparent.

This session provides an update on the OBBA and examines its real‑world interaction with Section 174 expensing and the evolving R&D credit landscape. Attendees will gain insight into key technical considerations based on recent implementation experience, as well as emerging guidance influencing current planning discussions.

Designed for CPA practitioners advising businesses engaged in innovation activities, this town hall session focuses on awareness and issue identification rather than technical calculations. The discussion will highlight current R&D credit trends, planning considerations, and areas of increased IRS scrutiny, helping practitioners better navigate client advisory conversations in a shifting compliance environment.