Capitalize or Deduct: The Final Regulations  

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The IRS has finalized regulations under IRC Sec. 162(a) and Sec. 263(a). The final regulations include new rules on determining whether costs are deductible repairs or capital improvements, and will affect all taxpayers that acquire, produce, or improve tangible property.

This webinar will explore the new de minimis expensing allowances, treatment of materials and supplies, expanded capitalization elections, allowable safe harbors, and the new rules for real property repairs and maintenance deductions allowed to small taxpayers.

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