TEI Submits Comments on Notice 2023-63 and Section 174

On November 24, 2023, TEI submitted comments in response to a request for comments in Notice 2023-63 regarding section 174. TEI's comments included concerns over scope, cost allocation methods, software development definitions, the parties required to capitalize costs when research is performed under contract, and the treatment of costs incurred pursuant to long-term contracts.

Read the comments here.