On Demand

Recent Updates on IRS Repair and Capitalization Regulations

1h 1m

Created on November 19, 2020





This program serves as an update to IRS "repair regulations", covering a litany of tax material. This program, presented by business and tax law attorney Bart Basi, will cover the repair and capitalization regulations and recent updates on the following topics within the regulations:

  • Expense v. Capitalization

  • Implementation

  • Materials and Supplies

  • Routine Maintenance

  • Election to Capitalize

  • Safe Harbor

  • Improvements

  • Betterments

  • Restorations

  • Accounting Method

  • Dispositions

This program will also review four strategies to accurately value a privately held business entity.

Learning Objectives:

  1. Gain best practices for talking about these regulations with an accountant

  2. Implement these regulations' in your client's business decisions effectively 

  3. Recognize how to best save money on taxes for your firm or your clients 

  4. Identify the safe harbor provisions and the impact on your clients

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