The IRS concluded the taxpayer's method was not a permitted method because the taxpayer did not allocate
costs to specific inventory items, thus requiring the taxpayer to use the SRM.
If the association simply reprints the lobbying communication--without any editorial comment urging its members to act--must the association allocate
a portion of the newsletter's costs to lobbying activities?
A Delphi team of three to seven members, typically including the engagement partner, manager, in-charge auditor, statistical or computer specialists and other pertinent personnel, votes to allocate
tolerable misstatement after discussing specific aspects of the audit.
They generally allocate
this income to the state based on the proportion of the total number of working days employed in the state to the total number of working days employed both within and outside of the state.
However, there are several instances in which a transferor would not want to allocate
his or her GST exemption.
The partners should have amended the partnership agreement in year 4 to allocate
Fats 80% of the depreciation deductions and 80% of all property appreciation over $50,000 (i.
When the mailing's contents are particular to program and fund-raising, specific identification can be used to allocate
group must directly allocate
a portion of its unrelated party interest expense to foreign source income.
It is also used to calculate the GST tax on lifetime direct-skip transfers and to allocate
the donor's GST exemption to (1) such transfers and (2) transfers to trusts that may produce a taxable distribution or taxable termination.