Business Services Industry
IRS offers relief from ISO 9000 costs.(Brief Article)
Industrial Distribution, June, 2000
CHICAGo--For manufacturers that have achieved ISO 9000 qualification, some costs associated with this certification are now generally deductible.
The Internal Revenue Service has released a Revenue Ruling (2000-4) stating that the costs of obtaining, renewing and maintaining ISO 9000 qualification are generally deductible, according to Neil Lonergan, a tax partner in the Madison, Wis., office of Grant Thornton LLP, an international accounting and management consulting firm.
This development is significant because it represents a major change from what has been occurring in IRS field audits, Lonergan says. Agents have been arguing that the current deduction is limited to the training component -- and that the rest of the costs were to be...
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