Important Regulations on Property Repairs

By:  Aninda Dhar

The IRS recently released long-awaited Temporary and Proposed Regulations (in TD 9564 and REG-168745-03) to attempt to reduce confusion between “repairs” to tangible property which are generally currently deductible from taxable income and “improvements” to or “acquisitions” of tangible property which generally must be capitalized and deducted over a period of amortization. Aninda Dhar, a manager in our tax practice, wrote an article examining the new regulations and highlighting the most important elements. Please click here to read the article, Important IRS Regulations on Property Repairs.

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