If the taxpayer elects to include the amortization
of the discount as current-year income, Sec.
Even if the Service successfully argued that the costs were, instead, incurred to acquire or create a new business, the taxpayer would lose the immediate deduction but could argue for 60-month amortization
A $500,000 NECB existing loan for a 5 year arm, 15 year balloon, 25 year amortization
schedule on a 7 unit mixed-use, 5 story walk-up in New York, NY.
If the company determines a useful life is finite, it should assign that life to the asset and begin amortization
over that period.
This deferred tax liability represents the tax effect of the difference between the book basis of the goodwill (reflecting no amortization
) and the tax basis of the goodwill (adjusted for the amortization
taken on the tax return)," writes Bean.
Statement 142 eliminates amortization
of goodwill and institutes impairment testing in its place.
We believe that the diversity and professional training of our members enable us to bring an important, balanced, and practical perspective to the issues raised by the proposed regulations under sections 167 and 197 of the Internal Revenue Code, relating to the amortization
of certain intangible property.
the operating margin before amortization
on intangible assets (EBITA-margin) amounted to 18 (18) percent
With a user-friendly amortization
calculator built right in, the site affords visitors the capability of simply plugging in their loan details and instantly receiving an at-a-glance breakdown of their amortization
A loss corporation may use any reasonable method to establish that the amortization
deduction is not attributable to an asset's BIL on the change date.
Further, they believe most analysts will ignore the annual goodwill amortization
"drag" and instead focus on the new company's cash earnings disclosure.
Imposing purchase accounting on such transactions will result in many distorted and largely ignored income statements overwhelmed by purchase accounting charges for goodwill amortization