Internal Revenue Service September 5, 2012 – Federal Register Recent Federal Regulation Documents

Allocation of Costs Under the Simplified Methods
Document Number: 2012-21743
Type: Proposed Rule
Date: 2012-09-05
Agency: Internal Revenue Service, Department of Treasury, Department of the Treasury
This document contains proposed regulations on allocating costs to certain property produced by the taxpayer or acquired by the taxpayer for resale. The proposed regulations affect taxpayers that are producers or resellers of property that are required to capitalize certain costs to the property and that allocate costs under the simplified production method or the simplified resale method. The proposed regulations provide rules for the treatment of negative additional costs.
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