37) In lieu of applying the foregoing rules to determine whether an expenditure is required to be capitalized as an improvement, the taxpayer instead can elect to deduct an amount up to the applicable "repair allowance amount," and capitalize
This approach would eliminate the burden of having to capitalize
immaterial items and account for deferred taxes, and it more truly portrays the commercial intent that these transactions are an operating expense.
I tip my cap to her (for) her effectiveness (in) working (the outside) of the zone, and, unfortunately, we didn't capitalize
on it,'' Enquist said.
This method capitalizes
the cost of a policy at acquisition.
So I remained what I wrote in the article--"probably the only person in America who doesn't capitalize
Knowing this, we expect our skill position players to recognize and capitalize
on a numbers advantage as soon as it appears.
Many were pushed from the land when they could not capitalize
farm production or find labor and exchange opportunities in their community to sustain the old system.
The regulations additionally provide that taxpayers may elect to capitalize
necessary expenditures associated with development of real property up to the time the development is completed.
471 costs included in ending inventory to determine the additional amount to capitalize
for tax purposes.
However, lenders may still deduct various loan expenses (such as employee compensation, overhead, and de minimis costs not exceeding $5,000 per transaction) for income tax purposes, even if lenders capitalize
such expenses for accounting purposes.
the Seventh Circuit articulated the general rule: Companies must capitalize
the payment of an assumed liability connected with the acquisition of an asset.
In Lincoln Savings, the Supreme Court required a financial institution to capitalize
payments made to a government-administered insurance fund where the financial institution had a continuing property interest in the fund.
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.