Not quite the Kingston Trio’s 1959 hit of that name, from their album “Stereo Concert”, but IRS has decided to drop blackberries, raspberries and papayas from the over-two-year list that requires capitalizing costs, both direct and indirect, under Section 263A.

So all you old men who used to grow the stuff but whose dreams have turned to dust, as the KT sang it fifty-five years ago, see Section 263A(d)(1)(A)(ii), and look out for Notice 2013-18, which will appear in IRB 2013-14, on April 1, a special day in my family.

The IRS has a present for you. “Notice 2013-18 supersedes Notice 2000-45 to remove blackberry, raspberry, and papaya plants from the list of plants with a preproductive period in excess of two years, for purposes of determining the applicability of section 263A to taxpayers engaged in the farming business.

“Notice 2013-18 will be published in Internal Revenue Bulletin 2013-14, dated April 1, 2013.”

So join me in the chorus: “Blackberries, strawberries, the good wines we brew, pass me a papaya and I’ll share some wine with you.”