IRS proposes to change treatment of long-standing utility removal costs.: An article from: The Tax Adviser

This digital document is an article from The Tax Adviser, published by American Institute of CPA's on July 1, 1998. The length of the article is 952 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: An official of the IRS Utility Industry Specialization Program has proposed that the IRS eliminate the traditional treatment of utilities' removal of fixed assets and replace it generally with capitalization into other fixed assets. This treatment would disallow current deductions and would require depreciation over the lives of the assets. General taxation principles have been given to support this novel removal costs position.

Citation Details
Title: IRS proposes to change treatment of long-standing utility removal costs.
Author: Elizabeth Wagner
Publication:The Tax Adviser (Magazine/Journal)
Date: July 1, 1998
Publisher: American Institute of CPA's
Volume: 29 Issue: n7 Page: 446(2)

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