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winktax, Enrolled Agent
Category: Tax
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Experience:  18 years experience as an Enrolled Agent, insurance agent, stock broker and financial advisor.
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Hello, Can you explain me this questions? How are goodwill

Resolved Question:


Can you explain me this questions?

How are goodwill and indefinite-lived intangibles handled for write-offs?

Thank you very much,
Submitted: 5 years ago.
Category: Tax
Expert:  winktax replied 5 years ago.

winktax :

Intangible assets such as goodwill, convenant not to compete, copyright, patent, customer list, employee contract, franchise, trademark or trade name are Amortizable over 15 years as Code Section 197 intangibles.


Thank you very much!!!

winktax :

thank you.

winktax and 2 other Tax Specialists are ready to help you
Expert:  winktax replied 5 years ago.
Please attempt to complete the accept process again.

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