Nowadays, the majority of companies have some intangible assets. These assets’ tax treatment may be complicated. What makes intangible assets so complex? According to IRS regulations, costs that must be capitalized include: Acquiring or creating an intangible asset, Creating or enhancing a separate, distinct intangible asset, Creating or enhancing a “future benefit” identified in IRS
How Should Costs Associated with Intangible Assets be Capitalized?
