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New Rules for Purchasing or Improving Property

[By Michelle Thornburg, Koski Professional Group, P.C., 2014 | Keywords: Business, Tax] The IRS has issued new capitalization regulations for the tax treatment of amounts paid to acquire, produce, or improve tangible property. The regulations must be followed for tax years that begin after December 31, 2013. The regulations are lengthy and complex. The summary… Read More »

New Rules for Purchasing or Improving Property

[Author: Michelle Thornburg, Koski Professional Group, P.C., 2014 | Keywords: Business, Operations, Tax] The IRS has issued new capitalization regulations for the tax treatment of amounts paid to acquire, produce, or improve tangible property. The regulations must be followed for tax years that begin after December 31, 2013. The regulations are lengthy and complex. The summary below… Read More »