Welcome Guest. Register Now!  

Ask TaxGuru » Corporations » C-Corporation » Section 197 Intangibles


Reply
 
LinkBack Thread Tools Search this Thread Display Modes
  #1 (permalink)  
Old 09-03-2015, 02:42 PM
Junior Member
  
Join Date: Sep 2015
Posts: 1
Section 197 Intangibles
Intangibles are not amortized for tax purposes in a stock acquisition absent a Section 338 election?


Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!Reddit! stumble!bookmark in google!Share on Facebook!
Reply With Quote
  #2 (permalink)  
Old 09-04-2015, 12:09 PM
Moderator
  
Join Date: Oct 2010
Posts: 5,258
Quote:
Originally Posted by ginamarieann View Post
Intangibles are not amortized for tax purposes in a stock acquisition absent a Section 338 election?
You can check it here; https://www.macabacus.com/taxes/section338

https://www.law.cornell.edu/uscode/text/26/338

goodwill is to be measured annually to determine if there is an impairment loss.


Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!Reddit! stumble!bookmark in google!Share on Facebook!
Reply With Quote
Ads
Reply

« Liquidation distribution to C corp shareholders | foreign withholding tax »


Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts
vB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Section 179 JohnG219 S-Corporation 3 08-26-2015 02:01 AM
section 179 nysportsfan For 2013 2 04-02-2014 01:13 AM
Section 1244 zero5941 C-Corporation 1 11-12-2011 08:37 AM
section 179 depreciation f106pilot Depreciation 1 10-30-2010 12:43 PM
section a of the w4 bommer113 Income 0 06-06-2008 12:54 PM

Follow us on Facebook Follow us on Twitter Google Buzz Rss Feeds

» Categories
Ask TaxGuru?
 
Individual
 » Income
 » Estimated Taxes
 » Capital Gains
 » Itemized Deductions
 » IRA/Sep
 » Rental Real-Estate
 » Alternative Minimum Tax
 » Filing Requirements
 » Sole-Proprietorship
 » Medical
 » Auto Expenses
 » Social Security
 » Tax Credit
 » Depreciation
 » Divorce Tax Issues
 » Homeowner Tax
 » Multistate
 
Corporations
 » C-Corporation
 » S-Corporation
 » Limited Liability Company
 » Payroll
 » Multistate Tax Issues
 » Non-Profit Organisation
 » Trusts and Gift Tax Returns
 
Forum for CPAs
 » CPA Forums
 
Financial Planning
 » Estate Planning
 » Retirement Planning
 » Investment Strategy
 » Education Planning
 » Life Insurance
 
 » Tax News
 » Tax Calculators
 » Downloads
 » Contact Us
 
 
» Recent Tax Q&A
No Threads to Display.


Advertise - Contact Us - Ask TaxGuru - Archive - Disclaimer - Privacy Statement - Top
Copyright © 2007, AskTaxGuru.com
Powered by vBulletin® Version 3.6.8
Copyright ©2000 - 2024, Jelsoft Enterprises Ltd.
Content Relevant URLs by vBSEO 3.1.0