Definitions of R&E Expenditures Are Amended Under Final Rules | Lauzen Accounting

Definitions of R&E Expenditures Are Amended Under Final Rules

Advanced Tax Quarterly
July 18, 2014
Effective Date of Fiduciary Fee Unbundling Rules Delayed Until 2015
July 18, 2014
Advanced Tax Quarterly
July 18, 2014
Effective Date of Fiduciary Fee Unbundling Rules Delayed Until 2015
July 18, 2014

The IRS issued final regulations on which amounts paid or incurred in connection with the development of tangible property, including pilot models, qualify for the Sec. 174 deduction (or amortization) for research and experimental expenditures.

Source: AICPA – Tax

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