CPA Blog

CPA & Accounting Topics for Business
Feb
27

ATTN ALL BUSINESS OWNERS: Accounting Method Change Required by the IRS

ATTN ALL BUSINESS OWNERS: Accounting Method Change Required by the IRS
Final Tangible Property RegulationsFor decades, the IRS and taxpayers have fought over expenditures classified as Repairs vs. Capitalization. You, the SMB owner, want to write off your expenditures as repairs to reduce your taxes, while the IRS wants you to capitalize your expenditures forcing you to depreciate that expenditure over time...
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