Home
Solutions
Products
Pricing
Resources
Request Demo
Start Free
Menu Search Account

LegiStorm

Get LegiStorm App Visit Product Demo Website
» Get LegiStorm App
» Get LegiStorm Pro Free Demo
StateStorm

Weekly Updates

LegiStorm is constantly adding new information on the people, places and reports in our database. In the past week, LegiStorm added:

  • 1865 new people
  • 34 new organizations
  • 622 new photos
  • 1247 job history records for people in our database
  • 518 education records for people in our database
  • 2209 contact addresses, emails and URLs (LinkedIn, Facebook, etc.)
  • 198 new policy reports
  • 12 new trips to our privately funded travel database
  • 921 new personal financial disclosures
  • 27459 new press releases
  • 30 new town halls

Caught Our Eye Rss

» More from Caught Our Eye
» More from our DevBlog

Tax Policy: Amortizing Purchased Intangible Assets

  Premium   Download PDF Now (12 pages)
Report Type Reports and Testimonies
Report Date Oct. 2, 1991
Report No. T-GGD-92-1
Subject
Summary:

The tax treatment of intangible assets is one of the oldest controversies between taxpayers and the Internal Revenue Service (IRS). GAO's concerns with the current tax rules for the treatment of purchased intangible assets involve complexity and fairness issues. The rules are complex in application because they lack adequate standards for determining which purchased intangible assets can be amortized for tax purposes. This lack of clear guidance has resulted in different treatment of similarly situated taxpayers, improper measurement of taxable income for some taxpayers, and protracted conflicts between IRS and taxpayers. A recent report on this subject (GAO/GGD-91-88, Aug. 9, 1991) recommended that Congress amend current law to allow amortization of all purchased intangible assets, including goodwill, over specific statutory cost recovery periods.

« Return to search Government Accountability Office reports

HomeAbout Us Contact UsPrivacy PolicyTerms of UseJoin Us
© LegiStorm
LegiStorm
2101 L St. NW, Suite 300
Washington, DC 20037
(202) 360-4172 / congress@legistorm.com