Home > Financial > Reduce Taxes – Deduct Research and Development Expenses Now

Reduce Taxes – Deduct Research and Development Expenses Now

April 7, 2009

Research and development expenses are deductible the same year as incurred rather than capitalizing them.  Included in R&D expenses is patent attorney fees in preparing, filing and prosecuting a patent application.  More information is Here from the IRS.  As always, see your accountant for professional tax advice!

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Categories: Financial
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