Uniform Capitalization Rules: Method Change Rules and Special Topics (Portfolio 577)

Description

Bloomberg Tax Portfolio, Uniform Capitalization Rules: Method Change Rules and Special Topics, analyzes accounting method changes involving the uniform capitalization (“UNICAP”) rules and the application of the UNICAP rules in various specific industries, such as farming, publication, and natural resources and in the international context.

Specifically, this Portfolio discusses the capitalization and inclusion in inventory costs of certain expenses as required under §263A.

In addition, the Worksheets include certain relevant information, such as method change documents and checklists and a Bibliography is provided to aid in researching a particular matter.

Table of Contents

I. UCR Accounting Method Change Rules
II. Provisions Affecting Specific Industries; International Operations