MNCPAGuy

3 ms·

1. 1.▲
   by MNCPAGuy 4y ago

   Great info and comment. Thanks!
2. 2.▲
   by MNCPAGuy 4y ago

   Revenue taxed before expenses? That’s not what is happening or a good way of explaining it . It’s a temporary timing difference for recognizing expenses and deducting them on the tax return.
3. 3.▲
   by MNCPAGuy 4y ago

   I don’t think your interpretation is correct. All R&E costs are now required to be capitalized. “Ordinary R&E” related to 162 doesn’t exist. If it’s any sort of R&E related expense, it’s technically supposed to be capitalized.