The rules for capitalizing an item as opposed to expensing it can be complex. In 2014 the IRS issued extensive regulations that apply to all taxpayers, regardless of size. While navigating the rules can be challenging, it’s not all bad news. The regulations permit certain “safe harbors” that allow the immediate write-off of purchases under a certain dollar amount, regardless of whether such expenditures would have to be capitalized under the normal rules. To learn more about this important issue, be sure to tune into my webinar “Expense vs. Capitalize: Tangible Property Regulations.” Topics to be covered include:

• Distinguishing deductible repairs from capital improvements
• Identifying the proper “unit of property” for analysis
• The de minimis safe harbor and other exceptions
• How to make the elections available under the regulations
• Various forms of accelerated depreciation
• The special rules related to spare parts

To register for the webinar ahead of time and receive your personal link to attend, please click here.

Open to clients, financial advisors, and the general public, 1.5 continuing education hours are available for professionals who attend this presentation.

Should you have any questions before the webinar, please contact Community Relations Director Jeff Stauffer at jeff@elvilleassociates.com, or 443-343-8529 x117. We look forward to hosting you!

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