Start-up, organizational, and syndication costs in public sales
Article Abstract:
Public sales of limited partnership interests yield particular upfront expenses that are paid out of the proceeds of the sales. Careful consideration is required for the tax treatment of three categories of the aforementioned upfront costs: startup expenses, organizational expenses and syndication expenses. For startup expenditures, the relevant provisions are contained in Sec 195, which rejects the immediate deduction of startup expenditures although Sec 195(b)(1) and 195(b)(2) contains some exemptions. As for organizational costs, Sec 197 also does not allow the immediate deduction of organizational costs, preventing one-time costs from being expenses as they are incurred. Finally, syndication fees are governed by Sec 709 as well, which means that these costs are also not deductible immediately.
Publication Name: Taxation for Accountants
Subject: Business
ISSN: 0040-0165
Year: 1997
User Contributions:
Comment about this article or add new information about this topic:
Tax focus on America's aging population
Article Abstract:
The aging of America has an impact on the services being offered by tax professionals. Most traditional areas of service, including estate planning, can be highlighted and updated. Meanwhile, retirement income and cash flow planning must put into consideration the longer life expectancies of the average American. Succession planning is also affected in that founders of and heirs to family businesses may have different needs, wants and desires. In light of these developments, tax practitioners should have an understanding of the tax rules regarding subject, including Social Security benefits, retirement distributions and business succession plans. This means that they should be aware of Internal Revenue Code provisions and tax planning strategies that may help retirees and other older taxpayers.
Publication Name: Taxation for Accountants
Subject: Business
ISSN: 0040-0165
Year: 1996
User Contributions:
Comment about this article or add new information about this topic:
- Abstracts: The interactions of organizational and competitive influences on strategy and performance. Generic strategies: an empirical investigation of typology validity and strategy content
- Abstracts: Asset redeployment, acquisitions and corporate strategy in declining industries. Corporate acquisition strategies and economic performance
- Abstracts: Strategic momentum: the effects of repetitive, positional, and contextual momentum on merger activity. Strategic business fits and corporate acquisition: empirical evidence
- Abstracts: R(2). Industrial structure and the comparative behavior of international Stock Market Indices. Anatomy of initial public offerings of common stock
- Abstracts: Liquidity and market structure. Equilibrium analysis of portfolio insurance. Margin regulation and stock market volatility