However, the final output targeted here is the amortized real estate cost -Cost_Am_RealE, and can be calculated as Cost_Am_RealE = [Cost_RealE * Ap_F] (Ap_F is Amortizable
Parameter for Facility).
premium on taxable bonds acquired on or after January 1, 1958 is the excess of the individual's tax basis for determining loss on sale or exchange of the bond (determined at the start of the year) over the amount payable at maturity, or in the case of a callable bond, the earlier call date if using the earlier call date would result in a smaller amortizable
amount being allocated to the year.
expenses are amortizable
because they would no longer fall within the
Third, an estimate of amortizable
intangible assets was subtracted from total assets.
Could such taxpayers argue that an asset which is identified as an amortizable
Section 197 intangible under current law must also have been an amortizable
intangible under prior law?
But, he cautioned, if you owned the vineyard in 1993 (before Section 197), and it was in a previously established AVA, the ruling would not apply, and your AVA-allocated value would not be amortizable
A domain name that is an amortizable
intangible would be included within the IRC section 1231 definition of a capital asset, as long as the domain name is not inventory in the hands of the taxpayer.
In order to clearly reflect income, the capitalized costs should generally be amortizable
as a separate and distinct asset.
Generally the IRS takes the position that customer base assets are "indistinguishable from goodwill possessing no determinable useful life."(4) If intangible assets are classified as a component of goodwill then these assets are not amortizable
under the current tax law, based on the "Mass Asset Rule."
743(b) basis adjustments will typically be allocable to otherwise amortizable
See Q 1121 for an explanation of how the amount of amortizable
bond premium is determined.
In response, TEI said that transaction costs incurred in connection with taxable or tax-free transactions should be treated as giving rise to the creation of a new amortizable
asset, thereby simplifying tax administration and minimizing factual disputes between taxpayers and the IRS.