OrbitaxU.S. IRS Publishes Updated International Practice Units on Interest Capitalization, Accounting for Land Developers and Subcontractors, and Individual's Tax Home
|Approved Changes|United States
The U.S. IRS has released the following international practice units, which have been updated, including in relation to changes introduced by the Tax Cuts and Jobs Act:
- Interest Capitalization for Self-Constructed Assets, which discusses interest capitalization requirements under IRC 263A(f) and covers the steps involved in determining how much interest must be capitalized to the basis of des…
