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Article: IRS issues guidelines on treatment of computer software.
- Article from:
- The Tax Adviser
- Article date:
- March 1, 2001
- Author:
CopyrightCOPYRIGHT 2001 American Institute of CPA's. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Computer software includes any program or routine (i.e., any sequence of machine-readable code) that performs a desired function or set of functions, and the documentation required to describe and maintain that program or routine. It includes all forms and media in which the software is contained, whether written, magnetic or otherwise. Computer programs of all classes (e.g., operating systems, executive systems, monitors, compilers and translators, assembly routines and utility programs, as well as application programs) are included.
Computer software also includes any incidental and ancillary rights necessary to effect the acquisition of the title to ownership ...