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Tangible Asset Regulations Part 4: Building Systems

The rules for Building Systems, the fourth topic in our series, clarify that a building has nine different units of property when determining if an expenditure is a capitalized improvement or a deductible expense. The [...]

November 13th, 2014|Real Estate|

Tangible Asset Regulations Part 3: Materials and Supplies

The rules for Materials and Supplies, the third topic in our series, define materials and supplies to include items costing $200 or less. These rules require non-incidental items to be capitalized and deducted when used [...]

November 6th, 2014|Real Estate|

Tangible Asset Regulations Part 2: De Minimis Safe Harbor

The De Minimis Safe Harbor rules, the second topic in our series, allow you to annually elect to expense certain expenditures if you have a written policy in place at the beginning of your tax year.  [...]

October 30th, 2014|Real Estate|

Tangible Asset Regulations Part 1: Why Do They Matter?

This is the first in a six-part series of emails that will provide an overview of the new tangible asset regulations that were finalized in late 2013.  These are generally effective for tax years beginning [...]

October 23rd, 2014|Real Estate|