Casualty Loss Rule in Capitalization Regulations Continue to Attract Criticism

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Keiter team members have authored a four part seires of articles on the new capitalization regulations.  Although favorably received overall, the temporary regulations issued last year on deduction versus capitalization of tangible property costs continue to attract critical comments.  Access the full article here.

Previous Capitalization Regulation Articles are linked below:

Article 1: Capitalization Rules-Building Systems

Article 2: Capitalization Rules-Acquisition of Real Property

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

Article 4: Capitalization Rules-Rotable Spare Parts

The information contained within this article is provided for informational purposes only and is current as of the date published. Online readers are advised not to act upon this information without seeking the service of a professional accountant, as this article is not a substitute for obtaining accounting, tax, or financial advice from a professional accountant.

About the Author

Keiter CPAs is a certified public accounting firm serving the audittax, accounting and consulting needs of businesses and their owners located in Richmond and across Virginia. We focus on serving emerging growth businesses and companies in the financial servicesconstructionreal estatemanufacturingretail & distribution industries and nonprofits. We also provide business valuations and forensic accounting servicesfamily office services, and inbound international services.

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