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IRS T.D.: AICPA Comments on Capitalization (IRC §263A)

June 23, 2022, 5:00 AM

AICPA June 22 released comments on T.D. 9843 related to negative I.R.C. §263A costs. AICPA asks the Treasury and the IRS to, among other topics to (1) allow positive uncapitalized costs to be treated as additional §263A costs, (2) update the de minimis rules for uncapitalized costs, (3) expand the ability to use the alternative method of determining §471 costs, (4) allow taxpayers to exclude the residual additional §263A costs related to nonproduced finished goods from the numerator of the modified simplified production method production ratio, and (5) clarify the U.S. ratio method, (6) [AICPA Comment ...