The U.S. IRS recently released updated practice units on the Producer's 263A Computation and Examining a Reseller's 263A Computation. The process overviews of the practice units includes the following: Producer's 263A Computation Note: This Practice Unit supersedes the previously published Practice Unit with the same title published on December 14, 2020. The Practice Unit was updated to delete the law regarding pre-enactment and post-enactment rules for purposes of identifying section 471 costs. This Practice Unit covers the application of the Uniform Capitalization of Costs under IRC 263A for a taxpayer who is a producer and suggested audit techniques when examining...