IRS rules advertising deductible.... (professional fees from advertising are deductible) (INDOPCO, part 1): An article from: The Tax Adviser

This digital document is an article from The Tax Adviser, published by American Institute of CPA's on December 1, 1992. The length of the article is 631 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.

From the supplier: There has been some concern as to the breadth of an interpretation in light of the recent US Supreme Court ruling against INDOPCO regarding the deductibility of professional fees. The IRS has alleviated this somewhat by issuing Revenue Ruling 92-80 which permits deductions of advertising costs. The IRS is apparently willing to apply this decision on a case by case basis rather than issuing any specific guidelines on deductible expenses.

Citation Details
Title: IRS rules advertising deductible.... (professional fees from advertising are deductible) (INDOPCO, part 1)
Author: Emerson J., Jr. Addison
Publication:The Tax Adviser (Magazine/Journal)
Date: December 1, 1992
Publisher: American Institute of CPA's
Volume: 23 Issue: n12 Page: 801(2)

Distributed by Thomson Gale