Matt George, Tax Engagement Manager and Jonathan Phillips, Tax Engagement Manager for Experis
Issued on December 23, 2011, the new regulations are generally effective for tax years beginning on or after January 1, 2012, and apply to all taxpayers that use tangible property, owned or leased, regardless of the entity type, both foreign and domestic. The new regulations outline whether a taxpayer can deduct or must capitalize amounts paid to acquire, produce or improve tangible property.
After attending this webinar, you will be able to:
•Describe the changes in the new de minimis and safe harbor rules
•Identify units of property and functional interdependencies
•List the significant modifications to the capitalizations of buildings and structural components
•Apply an approach to account for the unrecovered costs associated with the disposal of a unit of property
Eligible for 1CPE