4 ms·
Disappointed that discussion has regressed into a naive "class war" narrative while no one is talking about the face value business implications of § 174 [1] no
by metaphor 3y ago
Disappointed that discussion has regressed into a naive "class war" narrative while no one is talking about the face value business implications of § 174 [1] now that the handout bankrolled by 2017 TCJA [2] is nerfed and tax code no longer permits outright expensing of software development.
[1] https://www.ecfr.gov/current/title-26/chapter-I/subchapter-A/part-1/subject-group-ECFRcc67ec453a5e514/section-1.174-2 https://www.ecfr.gov/current/title-26/chapter-I/subchapter-A...
[2] https://www.congress.gov/bill/115th-congress/house-bill/1/text https://www.congress.gov/bill/115th-congress/house-bill/1/te...
- kevingadd 3y agoI've seen a ton of different opinions on these changes but every startup techie/indie dev I've talked to got different answers from their accountant. Mine said I was fine. Is there a basis for arguing 174/TCJA are why these layoffs happened?