This article reviews the position of the IRS along with the reasoning of the courts - including the Supreme Court's 1992 Indopco, Inc. v. Commissioner decision - concerning the tax treatment of costs incurred in a takeover.
Knight, Ray A. and Knight, Lee G.
"Tax Treatment of Takeover Costs: Supreme Court Responds to Controversy!,"
Akron Tax Journal: Vol. 9
, Article 1.
Available at: https://ideaexchange.uakron.edu/akrontaxjournal/vol9/iss1/1