This Section 174 is baffling. All software R&D costs now have to be amortized over 5 years if done within the country, and an insane 15 years outside. Means you end up with phantom profits that don't match expenses, so big tax bills. Terrible for US software industry.

This Section 174 is baffling. All software R&D costs now have to be amortized over 5 years if done within the country, and an insane 15 years outside. Means you end up with phantom profits that don't match expenses, so big tax bills. Terrible for US software industry.