Allocation of Sec. 263A Costs Addressed in Prop. Regs.

The IRS issued proposed regulations that affect taxpayers who produce or resell property and allocate costs under the simplified production method or simplified resale method.

Source: http://feedproxy.google.com/~r/AICPA_TaxAdvisor/~3/LTbdHgiUzc4/NewsNotes_Nov2012-story-06.aspx

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