Intangible assets, like and , play a crucial role in business valuations. Tax rules for these non-physical assets can be complex, with special amortization treatments under . Understanding these rules is key for effective tax planning and compliance.
Most acquired intangibles are amortized over 15 years, regardless of their actual . This standardized approach simplifies tax calculations but may not reflect the true economic value of the asset. follow different rules, potentially allowing for shorter amortization periods.
Intangible Assets for Tax Purposes
Definition and Characteristics
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