Proposed repair regulations affect more than tangible property capitalization

06/23/2013 | Tax Adviser, The

The proposed regulations governing tangible property (the so-called repair regulations) will require accounting method changes by many taxpayers. As this article discusses, those changes, in turn, will affect not just the capitalization or expensing of tangible property costs, but the computation of several tax items, including the Sec. 199 domestic production activities deduction, the uniform capitalization rules, and LIFO and FIFO.

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Tax Adviser, The

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