IRS Issues Prop. Regs. on Allocation of Costs Under Simplified Sec. 263A Methods

The IRS has issued proposed regulations on allocating costs to property produced or acquired by a taxpayer for resale.

Source: http://feedproxy.google.com/~r/AICPA_TaxAdvisor/~3/FPRMXqQnde4/clinic-story-05.aspx

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