Land Development Costs Not Qualified for the Completed Contract Treatment
Procedures for Requesting Copies of Fraudulent Tax Returns

IRS: Internet Domain Names must be Capitalized

Chief Counsel Advice, CCA 201543014, provides that the cost incurred in acquiring an Internet domain name must be capitalized under Treas. Reg. Sec. 1.263(a)-4, even if the name is generic. The CCA memorandum specifies that the capitalized amount for domain names qualifies as an amortizable intangible governed by Reg. Sec. 1.197-2(b)(10) and Reg. Sec. 1.197-2(b)(6).


Verify your Comment

Previewing your Comment

This is only a preview. Your comment has not yet been posted.

Your comment could not be posted. Error type:
Your comment has been saved. Comments are moderated and will not appear until approved by the author. Post another comment

The letters and numbers you entered did not match the image. Please try again.

As a final step before posting your comment, enter the letters and numbers you see in the image below. This prevents automated programs from posting comments.

Having trouble reading this image? View an alternate.


Post a comment

Comments are moderated, and will not appear until the author has approved them.

Your Information

(Name is required. Email address will not be displayed with the comment.)