TAXPAYERS MAY CHOOSE to take advantage of the de minis safe harbor election under the new tangible repair regulations, as we discussed last month. However, there are other available elections that may better suit your business. The safe harbor election for small businesses and the election to capitalize repair and maintenance costs will alleviate the […]
Repair regulations: Available elections (Part 4) Read More »
OVER THE LAST two months, I have gone over the fundamentals of the new tangible repair regulations, which apply to taxable years beginning on or after January 1, 2014. Though an overview is helpful when it comes to understanding the basics, there are many more elements of the repair regulations to consider, including the elections
Repair Regulations: De minis safe harbor election (Part 3) Read More »
ONE OF THE most talked about topics this tax season is the new tangible repair regulations. With the final regulations applying to taxable years beginning on or after January 1, 2014, many businesses are currently trying to ensure that they conform to the new rules. In the next few months, I will be examining different
Introduction to the new repair regulations Read More »
