Finding Opportunities Amid Complex UNICAP Rules

Last November, amid the aftermath of federal tax reform, the U.S. Treasury and IRS issued new rules addressing uniform capitalization (UNICAP). This provided companies an updated method for capitalizing inventory costs — and another tool that companies can consider to ensure simplicity, compliance, and tax efficiency. OMA Connections Partner RSM says manufacturers must evaluate the impact of these new rules, and has published a short paper to explore the common myths around UNICAP. 6/27/2019