× The internal search function is temporarily non-functional. The current search engine is no longer viable and we are researching alternatives.
As a stop gap measure, we are using Google's custom search engine service.
If you know of an easy to use, open source, search engine ... please contact support@midrange.com.


  • Subject: Re: IRS Ruling Offers Choice on Y2K Tax Treatment
  • From: mcrump@xxxxxxxxxxxxxx
  • Date: Wed, 29 Oct 1997 06:26:38 -0500








>ITAA's Year 2000 Outlook
>October 24, 1997
>IRS Ruling Offers Choice on Y2K Tax Treatment
>The Internal Revenue Service (IRS) has issued a ruling allowing the
amortization of Y2K conversion costs (The ruling >will appear an  Internal
Revenue Bulletin  on November 10, 1997).   According to Rev. Proc. 97-50,
Part III, Section >3, the IRS has established guidelines allowing a
taxpayer, in its trade or business, to amortize the costs of conversion >or
replacement of computer software to recognize dates beginning in the Year
2000.   Such accounting for Y2K >software costs, whether purchased,
developed, leased or converted, will fall "within the purview of Rev. Proc.
>69-21."

You can find this at the ITAA site (www.itaa.org) in the Y2K section.
Specifically you can find this text at:

http://www.itaa.org/script/2000let2.cfm?IssueID=105






+---
| This is the Midrange System Mailing List!
| To submit a new message, send your mail to "MIDRANGE-L@midrange.com".
| To unsubscribe from this list send email to MAJORDOMO@midrange.com
|    and specify 'unsubscribe MIDRANGE-L' in the body of your message.
| Questions should be directed to the list owner/operator: david@midrange.com
+---


As an Amazon Associate we earn from qualifying purchases.

This thread ...


Follow On AppleNews
Return to Archive home page | Return to MIDRANGE.COM home page

This mailing list archive is Copyright 1997-2024 by midrange.com and David Gibbs as a compilation work. Use of the archive is restricted to research of a business or technical nature. Any other uses are prohibited. Full details are available on our policy page. If you have questions about this, please contact [javascript protected email address].

Operating expenses for this site are earned using the Amazon Associate program and Google Adsense.