One of the more significant issues that taxpayers and tax practitioners have faced in recent months is the Tax Cuts and Jobs Act’s (TCJA) amendment to Section 174, requiring capitalization of ...
7867 / How are intangible drilling and development costs treated for purposes of federal income tax?
Intangible drilling and development costs (IDCs) are capital in nature; however, the IRC and regulations provide alternatives for treatment of such costs. The individual or entity that holds the ...
In late 2013 the IRS published T.D. 9636, which contained final regulations under Secs. 162(a) and 263(a) that provide the rules regarding when costs incurred to acquire, produce, or improve tangible ...
Capitalization is the practice of converting costs into assets with the intent of depreciating the cost over time. Capital refers to the cash value of anything a business or individual owns that it ...
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Before adopting the newly reinstated expensing of research and experimental expenditures, taxpayers should first consider the ...
A variety of capitalization strategies can increase deductible interest expense now that depreciation, amortization, and ...
At the end of 2013, the IRS released final regulations that answered the question: "When should costs be capitalized, and when should they be expensed?" In general, you can immediately deduct expenses ...
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