New Special Report!

Special Report

NAVIGATING THE FINAL REGS ON DEDUCTION VS. CAPITALIZATION OF TANGIBLE PROPERTY COSTS

The IRS recently issued long-awaited final regs providing guidance on the application of Code Sec. 162(a) and Code Sec. 263(a) to amounts paid to acquire, produce, or improve tangible property.

There is much for businesses to be pleased with in the final regs. For example, a substantially revised and expanded de minimis safe harbor election—effectively a book-tax conformity election—will allow many businesses to currently deduct their outlays for lower-cost assets, materials, and supplies. Building owners will be able to use a new safe harbor election allowing a current deduction for routine maintenance.

This Special report provides an overview of the most widely applicable rules in the new regs and how they are to be applied in practice.

Please fill out the form below to download your special report.


Request Special Report:
Navigating the Final Regs on Deduction vs. Capitalization of Tangible Property Costs

(All fields required)



» NOTE: By clicking “Submit,” you agree to be contacted in order to help with your inquiry.

Related CPE

TAX UPDATE: NEW CAPITALIZATION REGULATIONS

Online Course | 2 CPE | $56 or
FREE for Premier & Premier Plus Subscribers*

This is an online video course that provides a detailed discussion new temporary regulations which are effective January 1, 2014. Specifically discussed are the temporary regulations providing guidance on the application of capitalization rules in Code Sec 162(a)and 263(a) which deals with amounts paid to acquire, produce, or improve tangible property.

Learn more


CAPITALIZE OR DEDUCT: THE FINAL REGULATIONS

WEBINAR | 2 CPE | $89 or
FREE for Premier & Premier Plus Subscribers*
» December 20, 2013 (2:00-4:00 PM CST)
» January 17, 2014 (2:00-4:00 PM CST)
» February 25, 2014 (2:00-4:00 PM CST)

The IRS has finalized regulations under IRC Sec. 162(a) and Sec. 263(a). The final regulations include new rules on determining whether costs are deductible repairs or capital improvements, and will affect all taxpayers that acquire, produce, or improve tangible property. This webinar will explore the new de minimis expensing allowances, treatment of materials and supplies, expanded capitalization elections, allowable safe harbors, and the new rules for real property repairs and maintenance deductions allowed to small taxpayers.

Learn more