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https://www.upcounsel.com/section-263a
Section 263a Overview. Section 263a is a section of the US tax code that contains the Uniform Capitalization, or UNICAP, rules, which describe how cost types and their amounts are to be capitalized, or expensed long term, instead of expensed in the current tax period.
https://www.bdo.com/insights/tax/federal-tax/treasury-and-irs-finalize-negative-section-263a-re
Nov 01, 2018 · IRS Section 263A - Summary On November 18, the IRS released final regulations (TD 9843) modifying Sections 1.263A-1, -2 and -3 of the Income Tax Regulations to address the allocation of certain costs to property produced or acquired for resale by the taxpayer.
https://www.irs.gov/pub/irs-drop/n-13-18.pdf
The legislative history of § 263A explains that Congress expected the Treasury Department to periodically publish a list of the preproductive periods of various plants based on the nationwide weighted averages for such plants. See H.R. Rep. No. 426, 99th Cong., 1st Sess. 628 (1985), 1986-3 (Vol. 2) C.B. 628. A proposed list was
https://www.pillsburylaw.com/en/news-and-insights/irs-interpretation-causes-reefer-madness.html
May 01, 2015 · The legislative history to Code Sec. 263A is equally clear that “a single, comprehensive set of rules should govern the capitalization of costs. 15 Moreover, the legislative history provides that the UNICAP rules are necessary so that costs that are “in reality” part of COGS are treated as such. 16 Accordingly, Code Sec. 263A is necessary ...
https://www.troutcpa.com/blog/final-section-263a-regulations-what-companies-need-to-know
Jan 14, 2020 · Section 263A, often referred to as the Uniform Capitalization rules or UNICAP, requires taxpayers to capitalize direct and indirect costs properly allocable to real or tangible personal property produced or acquired for resale by the taxpayer. For example, manufacturers, resellers and distributors of inventory generally must undertake an ...
https://www.hhcpa.com/blogs/income-tax-accountants-cpa/tax-reform-263a-adjustment/
Jan 18, 2018 · What happened to my 263A (A)djustment? First, let us explain IRC Section 263A since most people (non-accountants) probably have no idea what I am talking about, because it is something their CPA does behind the scenes and is often hard to explain. 263A requires certain costs that are normally expensed to now be capitalized as part of inventory for tax purposes.
https://www.forbes.com/sites/anthonynitti/2015/10/13/tax-geek-tuesday-daring-to-take-on-the-section-263a-adjustment/
Oct 13, 2015 · Lastly, if a taxpayer's total indirect costs are less than $200,000 -- a relative rarity -- the taxpayer is also not subject to Section 263A (see Reg. Section 1.263A-1(b)(12)).
https://www.plantemoran.com/explore-our-thinking/insight/2020/01/tax-inventory-accounting-final-regulations-bring-changes
Jan 20, 2020 · Sec. 263A applies to any taxpayer with inventory or self-constructed assets. However, small business taxpayers are exempted from Sec. 263A if the average gross receipts from their prior three tax years is less than $26 million. These taxpayers can be exempted from other aspects of inventory accounting as well.
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