Month: June 2014

Final Tangible Property Regulations

June 18, 2014 by Alisa Rogers
Copeland Buhl
After several rounds of Proposed and Temporary Regulations, the IRS issued Final Regulations effective for tax year’s beginning January 1, 2014 to help clarify the treatment of tangible property. The Regulations address: Treatment of materials and supplies Guidance on deductible repairs verses capital improvements De Minimis Safe Harbor election for...
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