On deductible software development costs
Enactment of IRC sections 197 and 167(f)(1)(A) and the US Supreme Court's decision in INDOPCO, Inc. v. Commissioner do not signal that software research and development costs can no longer be deducted currently. Under IRC section 174, research and experimentation expenses are currently deductible, and some software development efforts should qualify as research. In recent legislation, there is no indication that Congress no longer thinks that research activities should receive favorable tax treatment, and INDOPCO did not make capitalization mandatory.
Publication Name: Taxes: The Tax Magazine
Secrets of the little black box
There are a number of set systems such as black boxes that are used by investors interested in technical analysis. These systems may use pattern recognition methods like Elliott Wave analysis. Mechanical trading systems have become increasingly popular, and there are also packages using astrological techniques, such as Robert Hand's Astro Analyst. Neural networks are used by some software packages. Investors should select packages that best suit their needs, and plain charts may often be the best method.
Publication Name: Investors Chronicle
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