Tax Treatment of Expenditures Related to Tangible Property Resources 


    What's New?

    On Sept. 13, 2013, the IRS announced the final tangible property regulations under sections 162 and 263 (T.D. 9636). The final regulations provide for simpler and clearer rules for many taxpayers. The final regulations generally apply to taxable years beginning on or after Jan. 1, 2014.  Additionally, guidance was issued in both Jan. and Feb. 2014. 

    For more information view this article from the Journal of Accountancy.

    Regulations
    • IRS issues second part of guidance on accounting method change (Rev. 2014-17) which superceded Rev. Proc. 2012-20, Feb. 28, 2014
    • IRS issues guidance under repair regs. (Rev. 2014-16) which govern the treatment of expenditures incurred in acquiring, producing, or improving tangible assets, Jan. 24, 2014
    • IRS issues proposed regulations (REG-110732-13) under section 168 regarding dispositions of tangible depreciable properties, Sept. 13, 2013
    • IRS finalizes "repair" regulations (T.D. 9636) under sections 162 and 263, Sept. 13, 2013

    Please click here for history and background information on the tangible property regulations.

    Tools, Webcasts, and Resources

    To view archived resources related to the tangible property regulations, please click here.


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