Intangible assets: How must the costs incurred be capitalized?
These days, most businesses have some intangible assets. The tax treatment of these assets can be complex. What makes intangibles so complicated? IRS regulations require the capitalization of costs to: Acquire or create an intangible asset,Create or enhance a separate, distinct intangible asset,Create or enhance a “future benefit” identified in IRS guidance as capitalizable,...Read More