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II.

DEALER TAX WATCH

INDEX OF ARTICLES: JUNE, 1994 - DECEMBER, 2009

PAGE 31

UNICAP - UNIFORM INVENTORY COST CAPITALIZATION REQUIREMENTS (SECTION 263A) IRC Section 263A: Capitalization & Inclusion of Certain Expenses in Inventory Costs

MORATORIUM ON RAISING SEC. 263A ISSUES (2009-2010)

IRS Moratorium on Raising Sec. 263A Issues Urges Dealerships to File Forms 3115 to Change Their Accounting Methods … What Should a Dealership Do? … LMSB Industry Directors Directive (IDD - September 2009).................................Year-End, 2009..........pg. 14

Timeline of Recent Developments under Section 263A

2007-2009

...................

Y e a r - E n d , 2 0 0 9

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p g . 1 4

IRS Notice 2009-25 Requests Comments on Updating Sec. 263A Regulations .....Year-End, 2009..........pg. 15 IRS Retail Counsel Responds to Comments Relating to Property Acquired for Resale...Year-End, 2009..........pg. 15

IRS Declares Moratorium on Raising Sec. 263A Issues in Audits..........................Year-End, 2009..........pg. 16

The Case for Dealerships Changing Sec. 263A Methods at This Time...................Year-End, 2009..........pg. 17 The Case Against Dealerships Changing Sec. 263A Methods at This Time...........Year-End, 2009..........pg. 18

S u m m a r y o f S e c . 2 6 3 A I s s u e s R a i s e d i n T A M 2 0 0 7 3 6 0 2 6 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Y e a r - E n d , 2 0 0 9 p g . The Case Against Dealerships “Jumping the Gun” to Change 263A Methods at this Time … Some (Random) Thoughts.................................................... PG...Year-End, 2009..........pg. 22 1 .......... 9

NADA Comments in Response to IRS Notice 2009-25

..........................................

Y e a r - E n d , 2 0 0 9

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p g . 2 4

I R S A u d i t T o o l K i t f o r F i x i n g S e c . 2 6 3 A P r o b l e m s . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Y e a r - E n d , 2 0 0 9 . . . . . . . . . . p g . Full Text of LMSB Industry Directors Directive (IDD - September 2009).............Year-End, 2009..........pg. 26 Summary of IRS MVTA Webinar (Nov. 18, 2009) on IDD Presented by NADA.....Year-End, 2009..........pg. 28 2 5

NADA’s Request to IRS for Section 263A Relief (Dec. 1, 2009)..........

.................Year-End, 2009..........pg. 30

Sec. 263A … The IRS Muddies the Waters … Even More … If That’s Possible (Watch Out #2) ...........................................................................

Y e a r - E n d , 2 0 0 9

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p g . 2

INTERIM (2008 - MID-2009)

A Modest Proposal to Resolve the IRS-Dealership Impasse on Cost Cap....................Year-End, 2009 More Accounting Method Changes Become Automatic & Some Clarifications Will Affect

..........pg. 4

Section 263A Cost Capitalization Practices (Watch Out #5)...................................Year-End, 2009 * ..........pg. 5 2009 NADA Convention … Dealer Tax Update by the IRS MVTA Sec. 263A … Application of Inventory Cost Capitalization Rules to Dealerships .....Mid-Year, 2009 .........pg. 12 What’s New from the IRS Point of View …Tracking Recent MVTA Presentations*.....Mid-Year, 2008 .........pg. 5

Section 263A Inventory Cost Capitalization............................................................Mid-Year, 2008 .........pg. 7

NADA Letter to IRS (March 26, 2008) Requests More IIR Guidance

.........................Mid-Year, 2008 .........pg. 14

IRS Automotive Alert (Jan. 2008) re: Dealership UNICAP Issues in TAM 200736026.......Mid-Year, 2008 .........pg. 17

Update on IRS Guidance on Section 263A Cost Capitalization (Watch Out #2).............December, 2007.........pg. 1

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