On Aug. 14, 2014, the IRS issued the final disposition rules for tangible property (T.D. 9689
). The final regulations largely adopted the proposed regulations that were issued in 2013. The IRS also issued the procedural guidance on September 18, 2014 (Rev. Proc. 2014-54
). Taxpayers must follow the procedures provided in this Rev. Proc. to implement and comply with the new regulations.