Hatch-Waxman Litigation Costs Both Capital Expenditures And Ordinary Business Expenses
By EsqSocial Corporation 19/05/21
Under the Internal Revenue Code (“Code”) Section 162, ordinary and necessary business expenses are deductible, but Code Section 263 disallows a deduction for capital expenditures (“no deduction shall be allowed” for a capital expenditure). Capital expenditures must be capitalized and are generally recovered as depreciation or amortization deductions over a period of years......
By: Tarter Krinsky & Drogin LLP