REMINDER!
To qualify for expensing items under the new de minimis safe harbor regulations, you must have a written capitalization policy in place on the first day of your taxable year. If you do not have a written capitalization policy in place already, you should consider having one in place by January 1, 2015!
For more detailed information, view our recent e-newsletter series regarding Tangible Asset Regulations (TARS).
If you would like additional information or have questions, please contact Faith Crump at fcrump@deandorton.com or by calling 502-589-6050.