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    Understanding How the New Repair Regulations Will Impact Your Business

    December 12, 2013; 9:00 AM to 10:00 AM (CST)

    Online Event

    Event Contact:
    Stephanie Kotelnicki
    (952) 548-3430

    Understanding How the New Repair Regulations Will Impact Your Business
    December 12, 2013; 9:00 AM to 10:00 AM (CST)
    In September 2013, the Internal Revenue Service issued final regulations that will dramatically change how you must deal with repairs and maintenance expenditures. The new regulations contain many rules that go way beyond repairs. They affect all taxpayers that acquire, produce, or improve tangible property. Most importantly, the new regulations contain numerous provisions that significantly change the interpretation of previous law and undoubtedly differ (often significantly) from current methods you use. Because the new regulations are effective January 1, 2014, taxpayers need to quickly determine how to implement the new rules.
    During this 60-minute webinar, we will:
    • Provide an overview of the new rules with an emphasis on those aspects of the regulations that affect middle-market and small businesses
    • Explain the significance of a “unit of property” and “building systems” and how those concepts apply to buildings and other large assets
    • Explain how the new disposition rules operate to allow current deductions for retired structural components of a building
    • Explain the application of de minimis expensing provisions to small and middle-market businesses, including what you must do now
    • Illustrate a limited planning opportunity that may provide benefits for 2012 and 2013
    • Provide practical strategies for implementation
    Who should attend?
    This webinar is intended for business owners, CEOs, CFOs, controllers, and those individuals involved in tracking and reporting repairs and maintenance expenditures for small to medium-sized closely held businesses. Individuals associated with tax-exempt entities that must track unrelated business income should also consider attending.
    To register online for this event, please see the above information.
    Cost:  FREE
    Rick Taylor Rick Taylor, CPA
    National Tax Office Leader

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