Do You Own a Business?

by | Feb 5, 2015

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The IRS has issued long-awaited regs on the tax treatment of amounts paid to acquire, produce, or improve tangible property. These new rules help the taxpayer determine what they can expense today and what they must capitalize and deduct at another time.

Generally, the regs must be followed for tax years that begin after December 31, 2013. The regs are lengthy and complex.

Please contact us to schedule some time to discuss how these changes apply to your business.

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