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UNICAP

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AcronymDefinition
UNICAPUniversidade Catolica de Pernambuco (Catholic university, Brazil)


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? References in periodicals archive
The UNICAP rules provide that certain distribution costs incurred in distributing goods to nonrelated customers do not need to be capitalized.
After discussing numerous planning opportunities, Les talked about UNICAP and how taxpayers (in particular manufacturers who use the simplified production method) can often produce a favorable section 481(a) adjustment by changing their UNICAP method to the facts-and-circumstances method.
Based on recent IRS audit activity, it appears the IRS has developed a focused approach to examining taxpayers' UNICAP (Sec.
 
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