To: Spktyr
Most major corporations do it--because they can and our draconian tax code encourages it.
However, they are talking about the evil Wal~Mart!!
Whatever they decide, I am sure it is ultimately Bush's Fault!
15 posted on
08/26/2007 5:57:55 PM PDT by
Conservative Infidel
(How come they call it "Tourist Season" if we can't shoot them??)
To: Conservative Infidel
Actually, isn’t rent to self a GAAP requirement for owned property? And you do it based on the the market value of the building, not the book value of the building. Statutory reporting rules can vary dramatically from GAAP, but normally a corporation has an accounting department with experts on the subject who are paid to research and follow each states reporting requirements to the letter.
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