Tangible Property Regulations
Resource Page
In order to help you shorten the learning
curve in understanding the Tangible Property Regulations, we have assembled
links to the best, most concise, explanations of the regulations. The links are placed in order of complexity to
discuss a broad understanding of the regulations to deep analysis through understanding
of the most asked questions.
Links to the Federal Register Examples are
also provided.
CSSI has tax counsel that can also assist you
with your specific TPR questions and Asset Valuation services to ease the
burden of claiming disposition for your client’s past retired assets.
Quick
Summary Chart of Final Tangible Property Regulations - AICPA
This
is the most concise summary of the regulations in the industry. Six pages in bullet form. You will want to print this and keep it as a
document to refer to when reading other articles.
If you
only look at one, this is the one to look at. “5 Stars” *****
AICPA Tangible Property Regulations: Questions and Answers. December
17, 2013
32 Questions to guide you through the regulations
For Tax Professionals that are just starting
their research.
“5 Stars”*****
IRS
Releases Comprehensive Repair/Capitalization Final Regulations Sept 20, 2013 CCH Tax Briefing
This
is a great article to start your research that compares the Temporary and Final
Regulations in plain English in 11 pages.
“5 stars”*****
OMG!
You just found out that your client needs a Capitalization Policy in place
starting January 1st to be eligible for the De minimis Rule Safe Harbor.
Don’t
Panic. Here is a template to get it
done.
Download the Fill in the Blank template from
the AICPA for creating a Written Capitalization Policy to comply with the De
minimis Rule. This document is priceless if your client does not have this in place
already. Look under Tools. “5 stars”*****
Advanced
Studies Questions and Answers Sources
Great questions for real situations that you
may need to know for your client’s tax situation.
Provides
understanding of applying the regulations.
“4.5 Stars”
Commonly Asked Questions
Commonly Asked Questions
In
depth analysis of the regulations in 3 parts.
Part 1
Favorable changes to materials and supplies and de minimis safe harbors http://mcgladrey.com/content/dam/mcgladrey/pdf/wp_final_tars.pdf
Part 2
Clarification and taxpayer-friendly safe harbors and elections added for
acquisition and improvement rules.
Part 3
General Improvement Rules
Federal
Register Links within the Regulations
Guidance Regarding Deduction and
Capitalization of Expenditures related to Tangible Property
Click here to Access the Table of Contents
Materials and Supplies
De minimis Safe Harbor Examples
Routine Maintenance Examples
Improvement Standards
Betterment Examples
Restoration Examples
Adaptation Examples
An
analysis of the Final Repair Regulations
Tax Practice
“4 Stars”****
Repairs
vs. Capital Improvements: Do the Final Regulations at Last Clarify the
Distinction? Journal of Taxation November 2013
Final
Tangible property repair regulations and proposed regulations WNTS
Insights October 2013
A plain- english document to explain the
regulations. 4 Stars****
Temporary
Regulations
Accounting
Method Changes Under the Temporary Tangible Property Regulations AICPA
Good summary of Rev Proc 2012-19 2012-20 to
comply with the Temporary Regulations. “4
Stars”****
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