TITLE

Tangible Property Regs: Reconsidering Small Taxpayer Relief

AUTHOR(S)
So Sum Lee; Pazzia, Gian; Bagne, Alex
PUB. DATE
September 2015
SOURCE
Accountingtoday.com;9/4/2015, p6
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article presents information on the new regulations on tangible property of the U.S. Internal Revenue Service (IRS). Topics include the regulations' aim to relieve small business taxpayers from the filing of the mandatory Form 3115, the risks of the adoption of Revenue Procedure 2015-20, and the definition of a small business taxpayer. It also mentions the capitalized expenditures, partial disposition deductions, and repair deductions.
ACCESSION #
109275721

 

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