WNTS Insight: Accounting method changes under the tangible property regulations: deduction and capitalization of expenditures

Washington National Tax Services
Rev. Proc. 2012-19, released on March 7, provides the change in method of accounting procedures for taxpayers to comply with the temporary and proposed regulations issued on December 23, 2011. These regulations address the deduction and capitalization of expenditures related to tangible property (temporary or repair regulations).

The IRS at the same time released Rev. Proc. 2012-20, providing rules for taxpayers making accounting method changes related to depreciation and dispositions under the temporary regulations.


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