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

In late 2013, the Internal Revenue Service (IRS) finalized the regulations regarding the deduction and capitalization of expenditures related to tangible property. These final regulations apply to taxable years beginning on or after January 1, 2014. 

The professionals in our Real Estate and Construction group specialize in IRS repair regulation updates. 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 or other asset components that were not removed from tax payers books when they were retired) 
  • 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.

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