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Tangible Property Regulations, IRS, TPR

The IRS Issues New Administrative Authority Governing TPR De Minimis Safe Harbor Limits for Small Businesses

On November 24th of 2015, the Internal Revenue Service (hereinafter “the IRS”) streamlined the compliance for the Tangible Property Regulations (hereinafter “TPR”) for small businesses by increasing the safe harbor threshold for deducting certain capital items from $ 500 to $ 2,500 under IRS Notice 2015-82. The scope affects businesses that do not maintain an

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Energy Tax, Energy Tax Incentives

Optimizing Energy Tax Incentives to Properly Tax Effect Building Owners Expenditures for Renovations

Whether a commercial building owner is undergoing new construction or remodeling, energy tax incentives should certainly be utilized to essentially tax effect the commercial building owner’s expenditures for undergoing the energy efficient renovation project. As enacted in The Energy Policy Act of 2005 (hereinafter “EPA”), the I.R.C. ยง179D Energy Tax Deduction for building envelope efficiency

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