You’re off about the major problem with Section 174 — money is being taxed *before* expenses, and there is no “out” because software has been labeled fully R&D back in 2017 (of course the republicans carved an out for oil, mineral, and gas lol).

What makes it worse is that accountants at real deal firms like Plante Moran didn’t bother sounding the alarm early because they figured like every time in the last 70 years Congress would push off the effects.

It is an absolutely crushing situation that is going to put a lot of shops out of business unless they have cash on hand to weather the 5 year R&D tax amortization schedule.