Discuss the Options Available Regarding Treatment of an Amount Paid
Discuss the options available regarding treatment of an amount paid in excess of the FMV of an acquired company's net assets in a business combination.
Eduardo is planning to purchase some new pizza ovens for his business.He knows that there are various incentives in the tax law to acquire new assets in 2013.Discuss the tax incentives available and the issues to consider in deciding whether to elect them.
Bert,a self-employed attorney,is considering either purchasing or leasing a $50,000 automobile for use in his business.What are the issues he should consider in making his decision?
Why would a taxpayer elect to capitalize and amortize intangible drilling costs (IDCs)rather than expense such costs?