3 ms·
It's not up to you to categorize them one way or another. This law mandates that they are r&d and thus amortized.
by aarondf 3y ago
It's not up to you to categorize them one way or another. This law mandates that they are r&d and thus amortized.
- phkahler 3y agoNo, no it doesnt.
- aarondf 3y agoI'm not sure how to convince you other than telling you to read the law (or the article.) That's why everyone is freaking out about this
- aarondf 3y ago> Under new Section 174(c)(3), software development costs are treated as R&E expenditures and must also be capitalized and amortized in accordance with the new rules. https://www.grantthornton.com/insights/alerts/tax/2022/flash/irs-issues-procedures-on-new-section-174-re-compliance https://www.grantthornton.com/insights/alerts/tax/2022/flash...