Capitalization Rules: Building Systems

Posted on

Author: Scott Zickefoose, CPA

On December 23, 2011 the Treasury Department, together with the Internal Revenue Service, released further guidance related to taxpayers’ capitalization policies.  It had been over two years since the service released guidance for taxpayers as it relates to their capitalization policies.  These temporary regulations are in effect for amounts paid or incurred on or after January 1, 2012.


Additional Resources:

Article 1: Capitalization Rules

Article 2: Capitalization Rules – Acquisition of Real Property

Article 3: Capitalization Rules-Applying Repair Expenses to Personal Property

Aricle 4: New Capitalization Rules – Rotable Spare Parts


About the Authors

Jennifer partners with her corporate and individual clients to identify tax planning and credit opportunities while managing liability and risk. She applies her significant experience in tax compliance and strategic consulting for both privately held businesses and their owners. Her expertise also includes tax accruals, mergers and acquisitions, multi-state tax issues, audit controversy and executive compensation.is the lead partner of Keiter’s Family, Entrepreneur, and Executive Advisory Services Team and a Manufacturing, Retail and Distribution industry team leader.

More Insights from Jennifer F. Flinchum, CPA, CFP®

Scott Zickefoose works with both large and mid-market clients in the real estate, construction, and manufacturing industries, as well as with private equity firms and emerging businesses. He works closely with his clients to identify tax planning and savings opportunities.  His experience includes single and multi-state corporate and flow-through tax planning and compliance, corporate tax provisions (FAS 109 and FIN 48), and individual income taxation. Scott is a member of the Keiter Merger and Acquisition team and Future Leaders group.

More Insights from Scott Zickefoose, CPA, CM&AA

Contact

How Can We Help You and Your Business?

Innsbrook Corporate Center
4401 Dominion Boulevard
Glen Allen, Virginia 23060

804.747.0000 or 804.273.6200

Directions