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MequonCPA, Certified Public Accountant (CPA)
Category: Tax
Satisfied Customers: 2342
Experience:  CPA, Over 30 yrs experience w/individuals and small businesses. Masters in Tax.
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Is a small manufacturer with gross receipts of less than $2

Resolved Question:

Is a small manufacturer with gross receipts of less than $2 million subject to the Uniform Capitalitalization Rules - whereby they have to report IRC Section 263 (a) costs including direct and indirect costs which are capitalized??
Submitted: 7 years ago.
Category: Tax
Expert:  MequonCPA replied 7 years ago.



The only exclusion is for a manufacturer that uses a simplified production method and whose total indirect costs are $200,000 or less. See link below,,id=97675,00.html




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