Transcription of Internal Revenue Service Memorandum
{{id}} {{{paragraph}}}
Example: tourism industry
Internal Revenue Service Memorandum
Office of Chief CounselInternal Revenue ServiceMemorandumNumber: 201504011 Release Date: 1/23/2015CC:ITA:6 LFNolanIIPOSTS-125750-13 , , , , , : December 10, 2014to: Matthew A. HoutsmaAssociate Area Counsel (Small Business/Self-Employed)CC:SB:5:Den:2from : W. Thomas McElroy, TechnicianReviewerOffice of Associate Chief Counsel (Income Tax & Accounting)CC:ITA:6subject: Taxpayers Trafficking in a Schedule I or Schedule II Controlled Substance --Capitalization of Inventoriable CostsThis adviceresponds to your request for assistance. This advice may not be used or cited as (1)How does a taxpayer trafficking in a Schedule I or Schedule II controlled substance determine cost of goods sold ( COGS ) for the purposes of 280E of the Internal Revenue Code ( Code )?(2)May Examination or Appeals require a taxpayer trafficking in a Schedule I or Schedule II controlled substance to change to an inventory method for that controlled substance when the taxpayer currently deducts otherwise inventoriable costs from gross income?
Office of Chief Counsel Internal Revenue Service Memorandum Number: 201504011 Release Date: 1/23/2015 CC:ITA:6 –LFNolanII POSTS-125750-13 UILC: 280E.00-00, 61.00-00, 263A.00-00, 446.00-00, 446.01-00, 471.00-00
Tags:
Information
Domain:
Source:
Link to this page:
Please notify us if you found a problem with this document: