This tax planners tool bridges the gap between intellectual property law and tax law by showing you how to achieve capital gains tax treatment for licensing agreements; deal with the 'sale' requirements for capital gains taxation; understand the intricate issues involved with high-technology businesses; avoid the pitfalls inherent in copyright transfers; and determine when patents, trade secrets, trademarks, copyrights and other intellectual properties qualify as capital assets. This helpful guide also discusses the latest judicial and legislative developments,including the Jobs Growth Tax Relief Reconciliation Act of 2003 as it relates to capital assets sold or exchanged. Also included is a full analysis of amortization deduction rules and recovery of acquisition costs. This book is updated as needed, generally once each year.
Authors Bio:
Joseph E. Olson Professor Olson teaches at the Hamline University School of Law in St. Paul, Minnesota.
