Tax Accounting

Recent legal developments relating to tax accounting are discussed. In Treasury Decision 9107, final regulations were issued under section 263(a) addressing the capitalization of amounts paid or incurred to acquire, create, or enhance intangible assets. Separately, in Illinois Tool Works, Inc. v. Co...

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Veröffentlicht in:	The Tax lawyer 2005-07, Vol.58 (4), p.1217-1224
Hauptverfasser:	Donovan, John C., Benko, Beth M.
Format:	Artikel
Sprache:	eng
Schlagworte:	Accounting methods Accounting procedures Capital costs Federal court decisions Fees Franchise taxes IMPORTANT DEVELOPMENTS DURING THE YEAR Income taxes Itemized deductions Property taxes Revenue rulings Tax court decisions Tax courts Tax payments Tax regulations Taxpaying
Online-Zugang:	Volltext
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Beschreibung
Zusammenfassung:	Recent legal developments relating to tax accounting are discussed. In Treasury Decision 9107, final regulations were issued under section 263(a) addressing the capitalization of amounts paid or incurred to acquire, create, or enhance intangible assets. Separately, in Illinois Tool Works, Inc. v. Commissioner (2004), the 7th circuit, affirming the Tax Court, held that the taxpayer was required to capitalize the total amount of an adverse judgement arising from a patent infringement lawsuit.
ISSN:	0040-005X 2329-6089