IRS guidance

Research and Experimental (R&E) Expenses
Tax blog
iFind Taxpro

Navigating Capitalization and Amortization

New Guidance on Research and Experimental Expenses – Understanding IRS Code Sec. 174 for Effective Compliance Research and Experimental (R&E) expenses incurred in the years starting after 12/31/2021 must be capitalized and amortized over 5 and 15 years for US

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Tax blog
Team iFindTaxPro

The IRS Issues Initial NFT Guidance.

The Treasury Department and the IRS are inclined to treat NFTs as collectibles for taxation. The IRS has released initial guidance on Non-Fungible Tokens (NFTs), giving clarity on the tax treatment of these unique digital assets. NFTs have gained immense

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