2 sets of software capitalization rules. As a starting point to appropriately capitalize software development costs, it is important to determine the proper guidance. Under U.S. GAAP, two potential ...

Keep in mind that the capitalization rules should be applied based on the nature of the costs incurred rather than the timing of their occurrence since portions of the project stages may not happen ...

As explained in an April 2023 Cooley client alert, the TCJA introduced new rules for tax years beginning after December 31, 2021, requiring taxpayers to capitalize SRE expenditures and amortize ...

Keep in mind that the capitalization rules should be applied based on the nature of the costs incurred rather than the timing of their occurrence since portions of the project stages may not happen ...

In early September, I published an article seeking guidance from the IRS on how to implement the new capitalization rules under IRC Section 174, which was effective on Jan. 1, 2022. Much to my ...