Tangible property (a.k.a. repair) regulations affect most businesses
Recently the IRS issued finalized guidance on its laws regarding business’ ability to deduct certain expenses. And it’s likely the changes will require you to take action before the end of the year. The IRS’s final tangible property regulations clarify the two code sections which govern the treatment of tangible property expenses. The guidance directs businesses when they can deduct expenses in the current year, and, alternatively, when they have to capitalize those expenses and spread the deduction out over several years. You can read the article on these changes or watch the pre-recorded webinar.
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