![]() The IRS concluded that the costs must be capitalized because the cost of the domain names will provide a future benefit to the user, regardless of whether the domain name is generic or nongeneric. ![]() 162 or must be capitalized as an intangible asset under Sec. The first issue is whether the cost the taxpayer incurred to acquire a generic or nongeneric domain name from a secondary market and then used in the taxpayer’s trade or business is currently deductible under Sec. 1.197-2(b)(10).ĬCA 201543014 addresses three issues regarding the acquisition cost of domain names. Also, nongeneric names can sometimes, depending on the circumstances, meet the definition of a trademark as defined in Regs. Additionally, a nongeneric name is used to identify a specific company, product, or service that can be clearly distinguished from all the other companies, products, or services within the industry. A nongeneric name is the name of a company, product, or service. The CCA defines the term “generic” as not being a company or product name, but instead a generic term used to describe a product or service. All four domain names were to be used in the taxpayer’s trade or business. Neither purchase was part of a larger asset acquisition. In 2014, the same company purchased two more domain names, one generic and one nongeneric, from existing holders. One domain name was considered to be a generic name, and the other was considered to be nongeneric (both of which are defined below). A portion of the total purchase price of the acquisition was allocated to each domain name. In 2013, the company acquired two internet domain names as part of an asset acquisition of a trade or business. In the CCA, a company acquired internet domain names on two separate occasions. 263 as intangible assets and that those costs should be amortized under Sec. Essentially, the IRS determined that the costs of acquiring domain names are to be capitalized under Sec. Send us feedback about these examples.Recently, the IRS released Chief Counsel Advice (CCA) 201543014, which provides guidance on the tax treatment for the costs of internet domain names. These examples are programmatically compiled from various online sources to illustrate current usage of the word 'dominion.' Any opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Ryan Fonsecastaff Writer, Los Angeles Times, 7 Feb. 2023 The region, which includes large swaths of communities in Riverside and San Bernardino counties, has become the dominion of thousands of massive warehouses, storing millions of consumer goods trucked in from coastal ports and bound for front doors and mailboxes across California and the nation. Russell Jacoby, Harper’s Magazine , 16 Feb. 2023 Thrones, dominions, principalities, and powers, founded in injustice and wrong, are sure to tremble. William Booth, Washington Post, 29 Apr. ![]() Patt Morrison, Los Angeles Times, Regalia to be deployed, such as the orb, are not just symbols of the monarch, but display a cross that sits atop the earth, signaling Christ’s dominion. 2023 It is girded with jewels and topped with a jeweled cross to show Jesus’ dominion over the world. Heller McAlpin, The Christian Science Monitor, 13 June 2023 That prime dominion includes about 65 crape myrtle trees. Melissa Gira Grant, The New Republic, 20 June 2023 While James doesn’t explicitly draw the connection, there are discomfiting similarities between her émigrés – trapped in subservience without dominion over their futures – and the foxes hunted on Lady Selwyn’s country estate. ![]() ![]() Graham Bowley, New York Times, 12 June 2023 This is precisely what drew the crowd around Posobiec, perhaps best known as one of the first promoters of Pizzagate, the proto-QAnon conspiracy theory about Democrats stealing children for sexualized, Satanic blood sacrifice to amass power and dominion over good and faithful Americans. Recent Examples on the Web Ancient insurrectionists and invaders decapitated statues to undermine the authority of rulers who had erected images of themselves as symbols of dominion. ![]()
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