Further Waffling on Deducting Environmental Cleanup Costs

Date
1996-10-04
Authors
Harl, Neil
Major Professor
Advisor
Committee Member
Journal Title
Journal ISSN
Volume Title
Publisher
Altmetrics
Authors
Research Projects
Organizational Units
Journal Issue
Series
Department
Iowa State University Digital Repository
Abstract

Although it was generally believed for many years that environmental cleanup costs were currently deductible for federal income tax purposes, the issuance of a series of private letter rulings beginning in 1992 confirmed that the Internal Revenue Service was convinced that INDOPCO, Inc. v. Commissioner required that such expenditures be capitalized and amortized over some time period.

Comments
Description
Keywords
Citation
DOI
Source
Collections