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IRS provides some good news to auto, truck and implement dealers
The “inventory capitalization” rules of Section 263A have long been a sore point between vehicle dealers and the IRS. The rules, enacted in the 1986 tax reform act, require retailers with over $10...
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Creativity fails to protect custom homebuilder from capitalizing costs
Flickr image courtesy Garreth Wilcock under Creative Commons license. The inventory capitalization rules of Code Section 263A often come as an unhappy surprise to clients. It’s especially true when a...
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Tax Roundup, 12/14/16: Sec. 263A – it’s not just for inventories. Also: HRA...
Accounting Today newsletter visitors: Click here to go directly to the story about the Irish pub sellers. Nuts. Few farmers worry much about the so-called “inventory capitalization” rules of Sec. 263A....
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