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See what's trending for the November 15th deadline (Form 990) and resources for the upcoming tax season. View ProSeries Hot Topics.
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- Can offshore R&D expenditures be expensed or must they be amortized if so over how many years years
Can offshore R&D expenditures be expensed or must they be amortized if so over how many years years
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joe7230
Level 2
02-24-2024
12:50 PM
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Pending legislation has confused this issue. Does anyone know the definitive IRS guidance
on this issue?
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sjrcpa
Level 15
02-24-2024
01:30 PM
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As of today, 2/24/24, all R&E must be capitalized and amortized. The proposed legislation would restore expensing for domestic costs but not foreign.
Foreign costs are amortized over 15 years.
The more I know, the more I don't know.
