De Minimis Capitalization Election

February 15, 2017By KROST CPAs

The IRS has implemented the tangible property regulations (TPRs) (T.D. 9689) effective for taxable years ending on or after January 1, 2014. This new guidance determines whether certain expenditures are required to be capitalized or expensed. The TPRs provide de minimis safe harbor for the taxpayer to deduct up to $2,500 of expenditures (or $5,000 Read the full article…