Delivering on the Promise of ensuring you receive all the tax benefits as a result of IRS regulations.

The Internal Revenue Service (IRS) has set forth tangible property regulations which provide taxpayers guidance on the deduction and capitalization of expenditures related to tangible property.  Even though some of the rules are more stringent than before, there are also some rules that are very advantageous to tax payers. The regulations are effective as of today and apply to virtually all tax payers. 

The professionals in our Real Estate and Construction group specialize in IRS tangible repair regulations. These regulations affect all types and sizes of businesses. There are significant tax-saving opportunities in which you may qualify; we will ensure you and your business are made aware of all the possible tax benefits as a result of  the regulation while staying compliant with the IRS.

How we can help:

  • We’ll provide an expense vs. capitalization analysis on your repair and maintenance expenditures
  • We can prepare a partial asset disposition study (to identify old building components and the original cost) 
  • We will evaluate your units of property to determine the most advantageous classification
  • We will review your material and supplies accounts to determine if there are any additional deductions you can take in the current year
  • We will provide timely, on-going communications and counsel when the IRS issues proposed or agreed upon decisions

Questions? Contact Dennis Murphy, Jr.:

Dennis Murphy, Jr.