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The IRS’s new tangible property rules

$225.00

SKU: DLRja123. Category: .

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Abstract: The IRS has issued new rules on when taxpayers must capitalize — and when they can deduct — amounts paid to acquire, lease, produce or improve tangible property. The rules provide a general framework for capitalization and revise some of the provisions previously proposed by the IRS — including those on how to determine whether a unit of property has been repaired or improved. Costs that qualify as repairs are deductible, while improvement costs must be capitalized. This article explores some of the details.

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