Category Archives: Depreciation & Amortization

Amortization of Good Will Under IRC Sec. 197

Posted on March 15, 2010 by David L. Silverman, J.D., LL.M. (Taxation)

Under new IRC Sec. 197, certain intangible property (defined as “IRC Sec. 197 intangibles”) are amortizable ratably over a 15-year period.  The new law represents a substantial change from the prior law, under which neither good will nor going-concern value, … Continue reading →

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Depreciation Recapture

Posted on March 15, 2010 by David L. Silverman, J.D., LL.M. (Taxation)

The recent reduction in capital gains tax rates underscores the importance of taxpayers planning their transactions to avoid recharacterization of Code Sec. 1231 capital gain to ordinary income when disposing of certain depreciable property. Section 1231 property is property used … Continue reading →

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