Are You Following the New Tangible Property Regulations?

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What are the Final Tangible Property Regulations?

The final Tangible Property Regulations (TPRs) allow your company to expense certain property related costs as well as write off prior year capitalized expenses thus allowing your company to potentially maximize tax deductions. The final regulations revolve around the following key concepts and elections that are the basis for which deductions are permissible under the new regulations:

  • Unit of Property
  • De Minimis Safe Harbor
  • Routine Maintenance Safe Harbor
  • Improvement Standards (“R.A.B.I.” Rules)
  • Dispositions

By utilizing these key concepts, it will help form our conclusion as to whether a (asset) purchase should be capitalized or expensed. However, the Final TPRs …read more

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