Guidance Regarding Deduction and Capitalization of Expenditures Related to Tangible Property
other · IRS · Rule · Published 2012-12-17 · Effective 2012-12-17 · 77 FR 74583
Document
Document number
2012-30252
Federal Register citation
77 FR 74583
CFR reference
26 CFR 1
Type
Rule
Action
Technical amendments.
Category
other
Sub-agency
IRS
Publication date
2012-12-17
Effective date
2012-12-17
Treasury docket
TD 9564
Abstract
This document contains amendments to temporary regulations relating to guidance regarding deduction and capitalization of expenditures related to tangible property. These amendments change the applicability dates of the temporary regulations to taxable years beginning on or after January 1, 2014, while permitting taxpayers to choose to apply the temporary regulations for taxable years beginning on or after January 1, 2012. The amendments to the temporary regulations will affect all taxpayers that acquire, produce, or improve tangible property.