Read 26 CFR section 1.174-2. “Activities intended to discover information that will eliminate uncertainly concerning the development or improvement of a product.”
Specifically, check out example three in this section. I would be very careful about sweeping all my expenses in this category, but my familiarity with this part of the law is not deep.
I’d love a 174 practitioner to jump in here but that might be asking a lot.
For purposes of this section, any amount paid or incurred in connection with the development of any software shall be treated as a research or experimental expenditure.
We've heard a mix of advice from various tax professionals on what should be classified as R&D or not. The messaging gets expecially mixed since the R&D tax credit is often handled by a 3rd party that specializes in it. The company specializing in the tax credit may be incentivized to classify as much of your activity as R&D as they can, since they are usually paid a percentage of the total credits they are able to claim for your company.
It certainly complicates running a software company. My cofounder and I need to look at the amortization schedule before making any engineering hire as we basically need to consider their salary nearly 100% R&D. I imagine it's even more complicated for founders with overseas teams.
It would certainly be easier for us to do business if Section 174 was revised :)
As to software “development,” when you finish your software and publish it and get customer installs, then what happens? More software development? Or is ongoing operation/bug fixes still R&D under (c)(3)? I think your average software person has a strong belief about the answer to this question but having read some of the code® in the area, I share your opinion that this section needs more detail.
Pretty sure any updates to the software count as additional R&D. Just running software you've already created doesn't count though. Something interesting we were asked was how much of our cloud costs involved developing software vs running existing software to determine if those costs must also be amortized over 5 years.
“Dr. Fauci repeatedly played semantics with the definition of “gain-of-function” research in an effort to avoid conceding that the NIH’s funded this dangerous research in China”
There is so much BS editorializing here. Also is there any research that shows that masking actually impaired learning? I didn’t see any listed, just claims that there were studies.
In America? Have you been paying any attention to how insane the American right has become? We’re about to have a dude who fucks porn stars as President. Again. Oh and an insurrectionist.
>Have you been paying any attention to how insane the American right has become? We’re about to have a dude who fucks porn stars as President. Again. Oh and an insurrectionist.
The "the American right" isn't a monolith. So far as I can tell, he doesn't condone whatever trump did or the capitol hill attacks.
Is there a way to filter out articles that are pay-walled? I know this is unrelated to the article but I’m curious as I’m tired of clicking on links and being unable to read them.
Expanding on the sibling's link you can prepend "archive.is/" to the url and it'll either have a snapshot already or you can click the link to create one. Typically a popular article that paywalls itself will have one of these links in the comments already as well.
I think it's one of the more annoying policies on the site (won't avoid paywalled posts but also hides that it expects everyone to do that workaround to participate anyways) but it's pretty easy to deal with once you know the above dance.
