Final regulations and removal of temporary regulations.
Category
tax-irs
Sub-agency
IRS
Publication date
2007-03-29
Effective date
2007-03-29
Treasury docket
TD 9318
Abstract
This document contains final regulations relating to the capitalization of costs under the simplified service cost method and the simplified production method provided by the Income Tax Regulations. For taxpayers that use the simplified service cost method or the simplified production method, the regulations clarify when self- constructed assets are produced on a routine and repetitive basis in the ordinary course of their businesses.