Tangible Property Repair Regulations

How will your company be affected by the Repair Regulations?

On September 13, 2013, the IRS and Treasury released regulations that create new rules related to the acquisition, production, or improvement of tangible property. These rules are meant to help companies better distinguish between currently deductible repair and maintenance expenses and expenditures that must be capitalized.

How we can help you

Our fixed asset tax specialists can help your company:

  • Review its current policies regarding how repair expenditures are treated for federal income tax purposes under your current method(s) of accounting
  • Identify available current year repair deductions
  • File the requisite application(s) for change in accounting method to comply with the repair regulations
  • Update its fixed asset tracking procedures and implement system changes to improve the tracking and calculation of repair expenditures for future tax years
  • Seek relief through the drafting of thoughtful comment letters

Contact us

Jeff Jones
STS Leader
Tel: +1 (415) 498 5340

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