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196×OF MINNESOTA FOR 1919199CHAPTER 197S. F. No. 88. An.act authorizing village councils to acquire land for park purposes, and to appropriate money therefor and for the maintenance thereof. Be it

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What is chapter 197s?

Chapter 197s refers to a specific section in the tax code related to deductions for intangible drilling costs.

Who is required to file chapter 197s?

Taxpayers who incur intangible drilling costs and wish to deduct them from their taxable income are required to file chapter 197s.

How to fill out chapter 197s?

To fill out chapter 197s, taxpayers need to report their intangible drilling costs and follow the specific instructions provided by the IRS.

What is the purpose of chapter 197s?

The purpose of chapter 197s is to allow taxpayers to deduct intangible drilling costs as a business expense, reducing their taxable income.

What information must be reported on chapter 197s?

Taxpayers must report details of their intangible drilling costs, including the amount spent on exploration and development activities.

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