Home | Business News | Browse by Publication | T | The Tax Adviser

IRS expects to issue 12-month rule.

Publication: The Tax Adviser
Publication Date: 01-MAY-02
Format: Online
Delivery: Immediate Online Access
Full Article Title: IRS expects to issue 12-month rule.(capitalization of expenditures)

Article Excerpt
On Jan. 17, 2002, Treasury and the IRS released an advance notice of proposed rulemaking (REG-125638-01) on capitalization. This notice describes rules and standards that Treasury expects to issue as proposed regulations in 2002 on expenditures incurred in acquiring, creating or enhancing certain intangible assets or benefits.

In addition to clarifying which expenditure categories taxpayers will have to capitalize, the proposed regulations will probably have provisions that will reduce Sec. 263(a) administrative and compliance costs. In that regard, the proposed regulations will probably also include safe harbors and simplifying assumptions, including a 12-month rule. The 12-month rule will allow taxpayers to avoid capitalization of expenditures for intangible assets or benefits whose lives are of a relatively short duration. In addition, the proposed regulations will contain de minimis rules, under which certain expenditures...

Access Full Article, Compliments of Goliath

Read the FULL article now - Try Goliath Business News - FREE!   
You can view this article PLUS...

  • Over 5 million business articles
  • Hundreds of the most trusted magazines, newswires, and journals (see list)
  • Premium business information that is timely and relevant
  • Unlimited Access

Now for a Limited Time, try Goliath Business News - Free for 7 Days!
Tell Me More   Terms and Conditions

Get Goliath Business News for 1 year - Just $99 (Save 65%)
Tell Me More   Terms and Conditions

Already a subscriber? Log in to view full article



More articles from The Tax Adviser
Documentation requirements under German transfer-pricing rules., May 01, 2002
Expatriating long-term residents need clarification., May 01, 2002
Extraterritorial exclusion and the FTC.(foreign tax credits), May 01, 2002
Federal tax classification of entities with zero-equity members., May 01, 2002
New U.S.-U.K. income tax treaty's implications for U.S. businesses., May 01, 2002

Looking for additional articles?
Search our database of over 3 million articles.

Looking for more in-depth information on this industry?
Search our complete database of Industry & Market reports by text, subject, publication name or publication date.

About Goliath
Whether you're looking for sales prospects, competitive information, company analysis or best practices in managing your organization, Goliath can help you meet your business needs.

Our extensive business information databases empower business professionals with both the breadth and depth of credible, authoritative information they need to support their business goals. Whether it be strategic planning, sales prospecting, company research or defining management best practices - Goliath is your leading source for accurate information.