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Franchise Law BlogDESCRIPTION
IRS Makes Determination on Franchise Termination Payment Agreements. In Private Letter Ruling 201317003 released in April, the IRS determined whether a termination payment made to a franchisee was 1 an amount paid to acquire. Or an amount paid to create an intangible and 2 if it is properly amortizable over the duration of the franchisees original useful life under section 197. Thanks to Katherine Danial, Chicago Summer Law Clerk, for her assistance with the writing of this blog post. Social media .CONTENT
This web page ralawfranchiselaw.blogspot.com states the following, "IRS Makes Determination on Franchise Termination Payment Agreements." We saw that the webpage said " In Private Letter Ruling 201317003 released in April, the IRS determined whether a termination payment made to a franchisee was 1 an amount paid to acquire." It also said " Or an amount paid to create an intangible and 2 if it is properly amortizable over the duration of the franchisees original useful life under section 197. Thanks to Katherine Danial, Chicago Summer Law Clerk, for her assistance with the writing of this blog post."