Abstract
In this article, Lee provides guidance for Treasury and the IRS (in their promised clarification of application of INDOPCO). He delineates how to avoid what he perceives as the past pitfalls of capitalization of recurring, insubstantial, or relatively short-lived expenditures with Ito, or inadequate, amortization. The article also sets forth models for (a) amortizing as. a freestanding deferred charge long-lived substantial self-created intangibles such as business expansion costs, including employee training costs, and (b) expensing, or perhaps better, amortizing currently less substantial or regularly recurring, steady state self-created intangibles (such as repairs and advertising, respectively).
Document Type
Article
Publication Date
1992
Publication Information
57 Tax Notes 669-684 (1992)
Repository Citation
Lee, John W., "Doping Out the Capitalization Rules After INDOPCO" (1992). Faculty Publications. 1378.
https://scholarship.law.wm.edu/facpubs/1378