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IRS Revises Alternative Cost Method for Developers

IRS Revises Alternative Cost Method for Developers

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February 2023

Real estate development projects typically take years to reach their final, complete forms. Developers must therefore take a long-term view when it comes to accounting and tax strategies. A development project is likely to have substantial upfront costs, while revenue might not begin to appear until much later. The project may continue to incur development costs before any revenue is expected. The IRS recently released new rules and procedures for the use of the ACM by developers.

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