Tangible Property

Ensure security, compliance and clarity in tangible property considerations.

Respond to tangible property regulations with a proactive, strategic plan designed to minimize risk under a broad range of scenarios. An experienced team works with clients to maximize the tax benefits available under the regulations while minimizing adverse exposure, using the compliance process as a tool to improve systems and clarify a company’s position.

Comprehensive regulations and an ever-changing landscape require detailed guidance regarding the deduction and capitalization of expenditures related to tangible property. The regulations are commonly known as the Repair Regulations or the Tangible Property Regulations. They are applicable to businesses in all industries that acquire, produce, replace, or improve tangible property.

Professional teams help dissect the impact of tangible property regulations on businesses, combining savvy industry knowledge with proven experience.

Tangible property and tax experts can assist with:

  • Reviewing capitalization policies to clarify a company’s financial picture
  • Evaluating business expenditures for materials and supplies, repairs and maintenance, asset purchases and the effect on subsequent depreciation
  • Creating an overall tangible property strategy that provides maximum value to your business

Featured Thought Leader

Robert McKay, CPA, MBT

Rob provides tax planning and compliance support to closely held businesses and their owners. Primarily focusing on the auto dealerships and construction real estate industries, he serves as a key resource to his clients' tax planning and strategic decisions. Rob stays abreast of changing tax laws, which enables him to recognize opportunities to save clients' tax dollars. He also analyzes the tax consequences of various transactions and advises clients on the most beneficial way to complete those transactions from business and tax perspectives. 

InsightsIncrease in the De Minimis Safe Harbor for Tangible Property Helps Small Businesses

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Featured Insight

Repair Regulations: Frequently Asked Questions

The IRS released the final Tangible Property Regulations, commonly known as the "repair regulations," on September 13, 2013. These far-reaching regulations affect more than just repairs and generally impact everyone who has depreciable assets. Get answers to the most frequently asked questions.

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