Capitalization Rules: Building Systems

Posted on 02.20.12

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. Article 1: Capitalization Rules