Make it a matter of your personal attention and responsibility to find out what taxes are due and owing by you, as required by law. On the secured tax roll, the first installment is due November 1 and delinquent on December 10, and the second installment is due on February 1 and delinquent on April…
If a patent is abandoned or becomes obsolete before its amortization period ends, the patent amortization remaining unamortized cost can be written off as an ordinary loss, providing potential tax relief. Properly structuring patent transactions can significantly impact financial outcomes, making it essential to consider both accounting and tax implications when planning a disposition. Amortization…