Project Description

RIA Special Study: Navigating the Final Capitalization Regs-Part III

Earlier this year, IRS issued long-awaited final regs on a vast subject of vital interest to millions of taxpayers––the application of Code Sec. 162(a) and Code Sec. 263(a) to amounts paid to acquire, produce, or improve tangible property. This article, the third of a multi-part Special Study, examines what constitutes a “unit of property” for purposes of the final regs.

RIA Special Study: Navigation the Final Capitalization Regs-Part IV

Earlier this year, IRS issued long-awaited final regs on a vast subject of vital interest to millions of taxpayers––the application of Code Sec. 162(a) and Code Sec. 263(a) to amounts paid to acquire, produce, or improve tangible property. This article, the fourth of a multi-part Special Study, examines the routine maintenance and small building owner safe harbors.