Circulation Expenses

Circulation Expenses means:
the costs of establishing, maintaining, or increasing the circulation of a periodical. Such costs are deductible in the year paid or incurred, whereas the related subscription income is not recognized until the period pertaining to the subscription. Circulation expenses are a tax preference item for alternative minimum tax purposes for individuals, beneficiaries of a trust or estate, partners, and S corporation shareholders. Individual taxpayers may elect to amortize the expenses over a 3-year period to avoid tax preference treatment. Former IRC (check if this IRC provision is current here) §173.