Webinar: Understanding Final IRS Regulations on Capitalization and RepairsDecember 18, 2013
IRS regulations released in September 2013 will affect all taxpayers that acquire, produce or improve property starting on January 1, 2014. Listen to our webinar, we will walk through the new rules, discuss how your business will be affected and what you will need to do to comply with the changes.
Topics to be discussed:
- Use of the De Minimis Safe Harbor rule
- Timing of deductions of materials and supplies
- Determing capital improvement vs. a deductible repair
- Making adjustments for expenditures made in prior years
Crystal Germanese, CPA
Crystal is a tax manager serving privately held businesses in a variety of industries, including construction, manufacturing/distribution and real estate. She is also a member of the Real Estate Cost Segregation Services Group. This specialized tax and engineering service identifies and reclassifies property acquisition and construction costs eligible for accelerated depreciation methods.