A snipplet of the article. Glenn 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." <snip> How do you think this will change your efforts or plans on Y2K? Glenn ___________________________________________________ Glenn Ericson, Phoenix Consulting P O Box 701164 East Elmhurst NY 11370-3164 USA Ph. 718 898 9805 Fx. 718 446 1150 AS/400 & Year 2000- - Solutions Specialists © 1997copyright, all rights reserved ____________________________________________________ +--- | 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: firstname.lastname@example.org +---
As an Amazon Associate we earn from qualifying purchases.
Operating expenses for this site are earned using the Amazon Associate program and Google Adsense.