The IRS has issued final regulations regarding the proper tax treatment of dispositions of tangible depreciable property under the Modified Accelerated Cost Recovery System (MACRS). The regs largely complete the IRS’s overhaul of the federal tax regulations addressing the proper treatment of expenditures incurred in acquiring, producing or improving tangible assets. The final regs affect all taxpayers who dispose of MACRS property.
IRS Releases Final Rules for Tax Treatment of Dispositions of MACRS Property
Posted by celliott on Aug 20, 2014 1:27:19 PM
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Topics: IRS Regulations, MACRS, Tax, Uncategorized