Guidance Regarding Deduction and Capitalization of Expenditures Related to Tangible Property
other · IRS · Rule · Published 2012-12-19 · Effective 2012-12-19 · 77 FR 75016
Document
Document number
2012-30490
Federal Register citation
77 FR 75016
CFR reference
26 CFR 1
Type
Rule
Action
Correcting amendments.
Category
other
Sub-agency
IRS
Publication date
2012-12-19
Effective date
2012-12-19
Treasury docket
TD 9564
Abstract
This document contains correcting amendments to the temporary regulations (TD 9564), which were published in the Federal Register on Tuesday, December 27, 2011, relating to guidance regarding deduction and capitalization of expenditures related to tangible property. These amendments revise the general asset account regulations to provide the time and manner of making a general asset account election. The amendatory instructions of TD 9564 inadvertently redesignated paragraphs (m)(2) and (m)(3) for the general asset account regulations as in effect before TD 9564 as paragraphs (l)(2) and (l)(3) for the general asset account regulations as amended by TD 9564. These correcting amendments will affect all taxpayers that make a general asset account election.