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Tools and Aids

Tax Methods & Periods Tools and Aids 

This section includes various documents related to tax accounting methods and periods that are intended to assist tax practitioners, including articles, checklists, tools and other practice aids.

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Do You Know What to Deduct and What to Capitalize - Presentation

Webcast Slides from the AICPA audio and slide infocast held on Monday, April 23, 2012 from 2:00 to 3:30 p.m. Eastern on Do You Know What to Deduct and What to Capitalize?  Understanding the New Temporary Regulations for Tangible Property.
Published on May 21, 2013

Infocast on Do You Know What to Deduct and What to Capitalize

Webcast AICPA - Audio and Slide Infocast - Do You Know What to Deduct and What to Capitalize?
Published on April 30, 2013

04.23.2012 Infocast on Do You Know What to Deduct and What to Capitalize

Webcast The AICPA is holding an audio and slide infocast on Monday, April 23, 2012 from 2:00 to 3:30 p.m. Eastern on Do You Know What to Deduct and What to Capitalize?  Understanding the New Temporary Regulations for Tangible Property. Panelists include:  Jane Rohrs and Natalie Tucker
Published on April 09, 2013

Annual Elections to Consider for Tangible Property under Temporary Regulations

Tools This 10.27.2012 chart summarizes potential elections to be considered annually regarding tangible property once a taxpayer is in compliance with the temporary regulations issued 12.27.2011.  Print landscape on legal paper for best viewing.
Published on November 07, 2012

Schedules C, E & F Are You Aware These Rules Currently Apply to You Too

Article Article highlighting that the 2011 and 2012 tangible property guidance in the temporary regulations currently (as of October 25, 2012) also applies to those filing Schedule C, E or F for a sole proprietorship, rental property or farm, and that steps may be needed to comply for the first or
Published on October 26, 2012

IRS Publication 538, Accounting Periods and Methods

Publication The IRS has updated Publication 538, Accounting Periods and Methods, as of October 19, 2012.
Published on October 26, 2012

Chart Summarizing Key Aspects of Rev. Procs. 2012-19 and 2012-20

Tools This 10.01.2012 chart summarizes key aspects of each of the tax accounting method changes contained in Revenue Procedures 2012-19 and 2012-20, which provide the transition rules taxpayers need to come into compliance with the temporary regulations regarding tangible property.  Print landscape on legal paper for best viewing.
Published on October 08, 2012

Domestic Manufacturing Deduction (DMD)

Tools Assistance for practitioners with the new Domestic Manufacturing Deduction enacted by the American Jobs Creation Act. The guide contains a sample letter for information clients of the deduction, a flow chart, and organizer.
Published on October 02, 2012

Section 199 Domestic Manufacturing Deduction Practice Guide

Guide Assistance in dealing with the Section 199 Domestic Manufacturing Deduction (DMD) is provided in this practice guide.
Published on October 01, 2012

Tax Methods & Periods Tools and Aids

Checklist Tools related to tax accounting.
Published on August 02, 2012

Archive of April 23, 2012 AICPA Tangible Property Infocast

Webcast The materials and replay of this event are now available for free without CPE for Tax Section members.  The AICPA held an audio and slide infocast on Monday, April 23, 2012 from 2:00 to 3:30 p.m. Eastern on Do You Know What to Deduct and What to Capitalize?  Understanding the New
Published on May 14, 2012

April 23, 2012 Tangible Property Infocast Presentation and Supplemental Materials

Webcast The presentation and supplemental materials from the AICPA audio and slide infocast held on Monday, April 23, 2012 from 2:00 to 3:30 p.m. Eastern on Do You Know What to Deduct and What to Capitalize?  Understanding the New Temporary Regulations for Tangible Property.
Published on May 14, 2012

LB&I Directive 03.15.2012 regarding Capitalized Assets

Guidance IRS LB&I Directive of March 15, 2012 for taxpayers who adopted a method of accounting relating to the conversion of capitalized assets to repair expense under IRC section 263(a), providing direction to the field in examinations of the repair versus capitalization issue.  Issued following the temporary and proposed regulations under
Published on May 14, 2012

Transitional Guidance Released for Temporary Repair Regulations

Article On March 7, 2012, the IRS released Revenue Procedures 2012-19 and 2012-20, the transitional guidance necessary for taxpayers to effectuate the transition to the temporary regulations regarding tangible property.
Published on April 16, 2012

Temporary and Proposed Tangibles Regs. Impact Most Business Taxpayers

Article On December 23, 2011, the IRS released temporary and proposed regulations regarding the deductibility or capitalization of expenditures related to tangible property, impacting many taxpayers, under IRC sections 162(a), 168, and 263(a).
Published on April 16, 2012

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