Given surprise tax bills generated by Section 174, here is our emergency pod with @useneotax (I have no affiliation w/ NeoTax) Why this matters? - Unprofit

Given surprise tax bills generated by Section 174, here is our emergency pod with @useneotax (I have no affiliation w/ NeoTax) Why this matters? - Unprofitable tech co's can owe cash taxes - Profitable tech co's can see 4x tax bill - filing deadline = Tuesday 4/18 My (non-tax professional!) takeaways from the pod: - best course of action = FILE EXTENSION - Section 41 (aka R&D Tax Credit) could offset much of the Section 174 liability - @useneotax has software tool that syncs with Netsuite / Quickbooks that can ballpark $ - consider booking NeoTax 30-min consultation: https://meetings.hubspot.com/ben-eachus/rd-capitalization?utm_source=emergencypod https://meetings.hubspot.com/ben-eachus/rd-capitalization?ut... - update your board if tax $ owed are material surprise!