Tax complexity :(
https://www.thetaxadviser.com/issues/2023/jul/defining-software-development-costs.html
Section 2 of Rev. Proc. 2000-50 defines computer software for this purpose as “any program or routine (that is, sequence of machine-readable code) that is designed to cause a computer to perform a desired function or set of functions, and the documentation required to describe and maintain that program or routine.” Also under the revenue procedure, software development includes all forms and media in which software is contained (e.g., operating systems, executive systems, monitors, compilers and translators, assembly routines and utility programs, and application programs). Software development does not include a data or information base described in Regs. Sec. 1.197-2(b)(4) — e.g., data files, customer lists, or client files — unless the item is in the public domain and is incidental to a computer program (Regs. Sec. 1.197-2(c)(4)(iv)), nor does it include costs or procedures that are external to a computer’s operation.
Rusty Hodge [SomaFM] /
npub15qe…snft
2024-02-07 22:02:45
Author Public Key
npub15qemvext9fs99sl6fd84r76vp0fhu6pcp3yqjfn58v6w02ez4nusecsnftPublished at
2024-02-07 22:02:45Event JSON
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