The 263A rules apply to taxpayers that produce property or acquire it for resale. In general, taxpayers must capitalize all "allocable" direct and indirect costs. This course provides a practical review of these complex issues, and shares practical examples and best practices for planning and compliance under 263A. Upon completing this course, you should be able to: understand the process of allocating costs to expense or to Sec. 263A ending inventory; determine which taxpayers and costs are subject to the Sec. 263A capitalization rules and which are not; and get updated on current developments and issues. Upon completing this course, you should be able to: Understand the process of allocating costs to expense or to Sec. 263A ending inventory; Determine which taxpayers and costs are subject to the Sec. 263A capitalization rules and which are not; Get updated on current developments and issues