IRS Issues New Repair Regs
December 6, 2012
On Dec. 23, 2011, the Treasury Department issued the most comprehensive changes to the capitalization regulations in 20 years, withdrawing the 2008 proposed regulations on capitalization of tangible assets—the so-called “repair regs”—and proposing, for a third time in nearly five and a half years, new regulations designed to reduce uncertainty and controversy regarding section 263(a). The new rul…es in the...
Tags: irs repair regs
Category: Taxes