Posts made in December, 2013

Notification Letter – De Minimis Safe Harbor Election Under the New Capitalization Regulations

By on Dec 18, 2013 in Uncategorized | 0 comments

New Capitalization Regulations ACTION ITEM: Business taxpayers must have written accounting policies in place on the first day of the tax year (January 1, 2014 for calendar year taxpayers) to deduct the de minimis amounts provided under safe harbor provision. Recently, the Internal Revenue Service issued final tangible property capitalization regulations. These...

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