* If you choose not to
amortize the premium on taxable bonds, the premium will create a tax loss when the bonds are redeemed at face value.
(5) The taxpayer is not required to
amortize premium on taxable bonds just because he has tax-exempt bonds that he is amortizing.
If a company determines that a previously unamortized asset has a finite useful life, the company should begin to
amortize it from that point on.
1.446-5(b)(2) states that a taxpayer may
amortize the issuance costs using the de minimis OID rules.
respect of package designs and
amortize those costs over a specified
For each field test company, alternative amortization techniques and periods were used to
amortize the transition obligation, including: * 30-year straight-line amortization.
197, taxpayers could
amortize covenants not to compete over the life of the agreement, under Regs.
Barbara's Outfitters capitalizes certain start-up costs and fully
amortizes those costs within the first year of operations.
If the dealer exercises the option, the issuer would
amortize the premium over the term of the remarketed security.
Under the new statement, governments will
amortize the gain or loss over the life of either the new debt or the old debt--whichever is shorter.
It also allows businesses to make a one-time election to
amortize goodwill acquired after July 25, 1991, retroactively and amend prior-year tax returns to take the resulting deduction.
23 (2001), the Tax Court held that a company had to
amortize a covenant not to compete that was entered into in conjunction with a redemption of its stock over 15 years.