Atkinson, "A Bright Line Rule Dims: Manufacturers Must Capitalize
Environmental Cleanup Costs," 45 TAX MGMT.
Like the revenue-based methods, the investment method capitalizes
the cost of the policy and the premiums needed to keep it in force, but no income is recognized until the insured dies.
In its August 16 issue, reporter Tony Long, writes under the head, "It's Just the 'internet' Now," "Effective with this sentence, Wired News will no longer capitalize
the 'I' in internet.
We also seek to capitalize
on positive numbers in the "tackle box" (Diag.
The election to capitalize
is made by filing a statement, on a plain piece of paper, with the original tax return for the year in which the election is to be effective.
Even if a lender has the right to deduct various loan expenses for tax purposes, it may still elect to capitalize
Therefore the company had to capitalize
the payment, not deduct it.
The regulations require taxpayers to capitalize
costs incurred to create or enhance a "future benefit identified in published guidance in the Federal Register or the Internal Revenue Bulletin .
So I remained what I wrote in that article--"probably the only person in America who doesn't capitalize
The simplified methods generally cause the taxpayer to capitalize
greater costs than if a facts-and-circumstances method were used.
ITW's attempt to deduct payment of the contingent liability conflicted with the well-established principle that a company must capitalize
the total cost, including contingencies, it incurs to acquire assets.
No country is better positioned to capitalize
on these knowledge-based resources than the US.
It is the company's policy to capitalize
direct costs of producing product masters after technological feasibility has been established.
The Tax Court said ITW should capitalize
Yes," I admitted, "I'm probably the only person in America who doesn't capitalize