Proposed Regulations Change Definition of R&D Expenditures

In proposed regulations , the IRS provided guidance on the treatment under Sec. 174 of R&D expenditures incurred in connection with the development of tangible property, including pilot models.

Source: http://feedproxy.google.com/~r/AICPA_Tax/~3/fkyy7iDRpIs/20130905-1.aspx

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