Tax Deductibility of Business Expenses : The INDOPCO Decision.

Reviews 1992 Supreme Court decision in INDOPCO, Inc v. Commissioner that found that expenses incurred by a company in preparing for a friendly take-over by another company were capital rather than deductible expenses. Discusses the IRS proposed rules to clarify and limit interpretation of the INDOPC...

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Bibliographic Details
Corporate Authors:	Library of Congress. Congressional Research Service, ProQuest (Firm)
Format:	eBook
Language:	English
Published:	[Place of publication not identified] : [publisher not identified], 2002.
Series:	U.S. Congressional Research.
Subjects:	Judge-made law. Corporations. Tax incentives. Electronic books.
Online Access:	Connect to the full text of this electronic book

Description
Summary:	Reviews 1992 Supreme Court decision in INDOPCO, Inc v. Commissioner that found that expenses incurred by a company in preparing for a friendly take-over by another company were capital rather than deductible expenses. Discusses the IRS proposed rules to clarify and limit interpretation of the INDOPCO ruling.
Item Description:	Record is based on bibliographic data in ProQuest U.S. Congressional Research Digital Collection (last viewed July 2010). Reuse except for individual research requires license from ProQuest, LLC. CRS Report. Electronic resource.
Physical Description:	1 online resource.