Can Goodwill Be Amortized for Tax Purposes
. gesta gestaidealsd Goodwill represents the intangible excess value of a business beyond its identifiable assets. For tax purposes, goodwill is not amortizable, meaning its value cannot be deducted from taxable income over its useful life. This is because goodwill is considered an indefinite-lived asset, unlike tangible assets that have a finite expected lifespan. Instead, … Read more