Sec. 197 antichurning implications for partnerships. (Internal Revenue Code section 197): An article from: The Tax Adviser

This digital document is an article from The Tax Adviser, published by American Institute of CPA's on March 1, 1998. The length of the article is 1306 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: IRS proposed regulations under IRC section 197 which contain partnership antichurning rules must be analyzed and understood to avoid losing amortization deductions for goodwill. The regulations provide rules for situations where taxpayers attempt to gain tax deductions in relation to their joint venture equity investments which include part of the goodwill of the existing businesses. The detailed and complicated rules should be referred to at all stages of such transactions.

Citation Details
Title: Sec. 197 antichurning implications for partnerships. (Internal Revenue Code section 197)
Author: Kevin Linn
Publication:The Tax Adviser (Magazine/Journal)
Date: March 1, 1998
Publisher: American Institute of CPA's
Volume: 29 Issue: n3 Page: 156(2)

Distributed by Thomson Gale