Two companies that supply 40% of U.S. tomato paste and diced tomatoes asked the Ninth Circuit to allow deduction of their facilities’ restoration costs during the tax year in which the tomatoes are processed, even though the companies don’t pay the restoration costs until later.
Tomato Cos. Ask 9th Circ. To Allow Immediate Cost Deduction
by usoftax_admin | Apr 23, 2024 | Tax News