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by ebolyen
1036 days ago
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Background: The tax cuts and jobs act of 2017 in its plain language forces all costs and expenses related to software development to be amortized over 5 years (starting mid-year so 6 in practice)[0]. This act would revert that requirement to the original language permitting a complete deduction of software wages in the year accrued, rather than treating those wages as investment in a capital(ized) asset. 0: https://www.law.cornell.edu/uscode/text/26/174 |
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