Repairs regulations - Do the new rules provide permanent improvements?
The Treasury and IRS issued the long-awaited guidance on repairs vs. capital improvements. These new regulations include a broad range of other tangible property capitalization rules as well, such as a new definition for materials and supplies and a de minimis capitalization threshold for acquisitions. We’ll hammer out what rules were maintained from the prior proposed regulations, what rules underwent some incidental repairs and what rules received a major overhaul.
Please join us for a 90-minute webcast on Tuesday, 17 January at 1:00 p.m. EST as our panel of Ernst & Young LLP professionals addresses the technical application and practical implementation of the new regulations.
Daren Campbell, Ernst & Young LLP, Tax Technology Integration Services
Glenn Carrington, Ernst & Young LLP, National Tax Director for Client Services
Susan Grais, Ernst & Young LLP, Federal Tax Services
Sharon Kay, Ernst & Young LLP, Federal Tax Services
Audience participants are encouraged to ask questions throughout the webcast.