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The IRS definition of R&D is intended to encompass product development. Quote the tax code: The term generally includes all such costs incident to the deve
by AlotOfReading 3y ago
The IRS definition of R&D is intended to encompass product development. Quote the tax code:
The term generally includes all such costs incident to the development or improvement of a product.
[0] https://www.law.cornell.edu/cfr/text/26/1.174-2 https://www.law.cornell.edu/cfr/text/26/1.174-2