Financial institutions may be subject to new rules for amortizing intangibles.: An article from: The Tax Adviser

This digital document is an article from The Tax Adviser, published by American Institute of CPA's on June 1, 1997. The length of the article is 1023 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: Proposed regulations issued by the IRS under IRC sections 167 and 197 detail how the amortization of intangibles should be done for financial institutions. Because of merger trends, the treatment of acquired intangibles is particular important to banks. The regulations identify that varying amortization standards are available for three different types of mortgage servicing rights. The regulations also note that bulk purchases of mortgage servicing rights are amortized as a single asset, and not on a loan-by-loan basis.

Citation Details
Title: Financial institutions may be subject to new rules for amortizing intangibles.
Author: Chuck Wheeler
Publication:The Tax Adviser (Magazine/Journal)
Date: June 1, 1997
Publisher: American Institute of CPA's
Volume: 28 Issue: n6 Page: 365(2)

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