We @tinyseedfund are hugely supportive of the effort to repeal Section 174. As written, it will crush tech firms of all sizes under unfair, uncompetitive taxes (salaries are not deductible the year they’re paid!!!). Please join us in signing this petition: ssballiance.org
@einarvollset @tinyseedfund The problem is that the 174 current year expensing was the exception (and is the exception to the general rules in tax law). The 60/180 month amortization has *always* been there. If none of your tax advisors can tell you this then you need to get better tax advisors. 👍👍👍
@einarvollset @tinyseedfund Seems to me the issues here are: 1. Software development salaries *have* to be treated as R&E, that's bonkers. 2. The 5/15 year amortization period doesn't make sense for a lot of software. I think trying to repeal the change may not be the best way to solve that though.
@einarvollset @tinyseedfund Why is the US trying so hard to make life difficult for entrepreneurs?
@einarvollset @samschrup @tinyseedfund Absolutely! Repeal Section 174!