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| Author: | Fiore, N. J. |
| Title: | Are takeover fees deductible? |
| Journal: | Journal of Accountancy
1989 : DEC, p. 10 |
| Index terms: | TAXATION MERGERS ACCOUNTING POLICY |
| Language: | eng |
| Abstract: | Taxation advice related to takeovers and role of US Internal Revenue Service and the Tax Court. Case study of a company opposing a takeover, where the costs were approved by the IRS. Another case of a fee for services not allowed as a business expense deduction. Analysis: hostile or friendly offer and the examination of "ordinary and necessary". Confusion of the two decisions and a basis for successful argument. |
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