TITLE

SECTION 9. COMPUTER SOFTWARE EXPENDITURES (§§ 162, 167, and 197

PUB. DATE
September 2008
SOURCE
Internal Revenue Bulletin;9/8/2008, Vol. 2008 Issue 36, p638
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article discusses the changes in methods of accounting for computer software expenditures to which revenue procedure (Rev. Proc.) 2008-52 applies in the U.S. It relates that the change applies to all costs of computer software as defined in section two of Rev. Proc. 2000-50, however, it does not apply to the software that is subjected to amortization. It recommends taxpayer to attach its Form 3115 a statement that provides the information required in section 8.02(2) of Rev. Proc. 2000-50.
ACCESSION #
34390646

 

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