Responsive

Learn about some of the latest tax-related news and issues.

Tag Archives: Property Regulations

blog-img

5-Year Eligibility Limitation Waiver for Tangible Property Regs Extended One Year (Notice 2017-6)

The IRS has extended for an additional year the waiver of the 5-year eligibility limitation on making automatic accounting method changes to comply with the tangible property regulations (“repair regulations”) generally provided in Reg. §1.263(a)-1, Reg. §1,263(a)-2, and Reg. §1.263(a)-3) (T.D. 9636 (September 19, 2013)) and certain related final MACRS regulations (T.D. 9689 (August 14, 2014)). As extended, the 5-year eligibility limitation will not apply to changes made for tax years beg... read more...

Get to know us better now!

Visit our Social Network

Search!

Feel free to search across our website