Hidden Assets: §197 Intangibles in Action
Categories of Intangibles and Form 8594 Discussed - Recorded 11/5/26
Intangible assets are often the most valuable part of a business transaction, yet their tax treatment under §197 is frequently misunderstood. This course provides a practical overview of the rules governing goodwill, covenants not to compete, customer lists, franchises, and other intangibles. Attendees will learn how to properly amortize these assets, navigate anti-churning rules, and advise clients during acquisitions and dispositions.
Learning Objectives
Identify which assets qualify for §197 intangibles.
Explain the 15-year amortization rules applicable to §197 intangibles.
Describe how the disposition of §197 intangibles is treated for tax purposes.
Analyze how the purchase price is allocated to intangibles in a business acquisition.
Education Information
IRS Program Number: NMVBP-T-00333-26-S
Credit hours: 2 NASBA CPE / 2 IRS CE
Prerequisite: None
Advanced Preparation: None
Program Level: Basic
Delivery Method: QASTM Self Study (NASBA); On-Demand (IRS)
Field of Study: Taxes (NASBA); Federal Tax Topics/Federal Tax Related Matters (IRS)
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Course expires one year after purchase.
Instructor: Thomas Gorczynski, EA, CTP, USTCP Learn more about our instructors here.
All continuing education is provided by Gregory & Associates, Inc doing business as Compass Tax Educators. Click here for more information regarding our refund, education and complaint policies.
