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.
| Mar 1, 2014. As far as the patent goes, you will be incurring costs for potentially years to come as you move through the stages, legal due diligence, fees, professional fees and consulting, documentation, etc. All these costs can be be capitalized as a project in process, much like construction in progress. At the point in time you determine you have a failed patent application, you will need to write those costs off to expense, just as with any other project that fails. I'm not going to try to cite US GAAP, but you will need to do your own accounting due diligence to be sure you are following the rules.