Watch Shaun White: Russia Calling: It is an Awesome 44 minute Documentary by NBC about Shaun White and his road to Sochi 2014. Two-time Olympic Gold Medalist Shaun White gives a rare, inside look into the challenges and sacrifices that are made in order to be the best in the world.
Although it may not seem like an R&E expense, the cost of obtaining a patent is also currently deductible under Section 174. This includes both attorney fees and patent filing fees. This is one of the largest expenses many independent inventors have.
When a trademark is acquired from another party, the total cost of the acquisition is capitalized. The IRC permits a trademark's capital costs to be amortized over a 15-year period, which means the taxpayer can deduct a portion of these costs in each year of the amortization period. This deduction reduces the trademark owner's income subject to taxation.