How to maximize tax savings from IRS tangible property deductions

12/23/2013 | AICPA Insights

This column discusses the final tangible property, or repair, regulations issued by the Internal Revenue Service, observing that the regulations offer more tax-saving options for companies purchasing business equipment. The regulations created a de minimis safe harbor election option, added clarity on when and how to deduct amounts for tangible property, and included other provisions to accommodate small businesses.

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