SAVINGS UNDER THE TANGIBLE PROPERTY REPAIR REGULATIONS

The Final Tangible Property Repair Regulations are here to stay and provide significant benefits to taxpayers. Under these “TPR’s,” taxpayers must account for their annual expenses relating to: Materials &

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Cost Segregation An engineering based Cost Segregation study is a simple way to quickly become compliant and to identify each of the building systems outlined by the IRS. Many taxpayers

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T-Regs Q&A: Can you expense a remodel as a repair like you do parking lot resurfacing?

Tangible Property Repair Regulations Q&A Scenario: A client owns fast food franchises and is required to remodel the stores every 7 years. Under the previous law, we have always capitalized

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By Heidi Henderson Self-storage owners are missing the boat when it comes to cash flow opportunities they can derive from IRS approved tax strategies. Recent regulations passed by the IRS, coined

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To Capitalize or Deduct The IRS issued final guidance to taxpayers in the repair regulations that refines and clarifies the treatment of costs incurred for acquisition, repairs, or improvements of

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Recent Changes to Repair Regulations, Effective January 1st, 2014 In order to readjust and clarify the repair regulations and make them more taxpayer friendly, the IRS recently made a series

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