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.
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container_issue 4
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container_title The Tax lawyer
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creator Donovan, John C.
Benko, Beth M.
description 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.
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identifier ISSN: 0040-005X
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language eng
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source HeinOnline Law Journal Library; EBSCOhost Business Source Complete; Jstor Complete Legacy
subjects 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
title Tax Accounting
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