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dc.contributor.authorPurcell, Thomas J., IIIen_US
dc.contributor.authorNellen, Annetteen_US
dc.date.accessioned2013-12-05T22:48:13Z
dc.date.available2013-12-05T22:48:13Z
dc.date.issued2004en_US
dc.identifier.citationTom Purcell & Annette Nellen, Tangible Guidance on IntangibilityNew Section 263 Regulations Provide Taxpayers with Much Certainty, Bus. Entities, Sept./Oct. 2004, at 6.en_US
dc.identifier.urihttp://hdl.handle.net/10504/47191
dc.description.abstractThe authors explain the history behind and operation of the final IRC section 263 regulations issued in January 2004 on when expenditures producing intangible benefits are required to be capitalized. The regulations cover two broad areas: (1) acquired and created intangibles and (2) amounts paid or incurred to facilitate acquisition of a trade or business or change in capital structure. The regulations generally apply to amounts paid or incurred on or after December 31, 2003. The final regulations simplify the tax treatment of intangible benefits by providing specific categories of such costs that are to be capitalized. In most instances, the regulations specifically state which expenditures should be capitalized, thus avoiding an analysis of whether a particular expenditure produces a "significant future benefit."
dc.description.abstractThe authors note that the regulations, on balance, are taxpayer friendly. They find that the regulations provide much needed simplification for the capitalization versus expensing area, through bright line tests and simplifying conventions. The article includes examples and identifies areas of open issues and likely future guidance.
dc.language.isoeng_USen_US
dc.titleTangible guidance on intangibility-- New Section 263 regulations provide taxpayers with much certaintyen_US
dc.typeMagazine Articleen_US
dc.description.volume6
dc.title.workBusiness Entitiesen_US
dc.description.pages6-15, 55-56en_US
dc.subject.fastTaxation
dc.subject.fastTax planning
dc.subject.fastInternal revenue
dc.subject.fastPublic administration
dc.url.fasthttp://id.worldcat.org/fast/1143876
dc.url.fasthttp://id.worldcat.org/fast/1143815
dc.url.fasthttp://id.worldcat.org/fast/976615
dc.url.fasthttp://id.worldcat.org/fast/1081976
dc.date.year2004en_US
dc.date.monthSeptember/October
dc.description.issue5
dc.program.unitSchool of Lawen_US
dc.program.unitCollege of Business Administrationen_US
dc.program.unitAccountingen_US
dc.url.link3http://papers.ssrn.com/sol3/papers.cfm?abstract_id=669067en_US
dc.contributor.cuauthorPurcell, Thomas J., IIIen_US
dc.identifier.viafhttps://viaf.org/viaf/35986335
dc.identifier.isnihttp://isni.org/isni/000000008441215X
dc.identifier.wcihttps://www.worldcat.org/identities/lccn-n87915182/
dc.identifier.ssrnhttps://papers.ssrn.com/sol3/papers.cfm?abstract_id=669067
dc.url.link2https://creighton-primo.hosted.exlibrisgroup.com/primo-explore/fulldisplay?docid=01CRU_ALMA2160916380002656&context=L&vid=01CRU&search_scope=EVERYTHING&tab=default_tab&lang=en_US


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