Comprehensive Analysis of Final Repair/ Capitalization and Proposed MACRS Disposition Regulations

(Source: CCH Incorporated) — The IRS’s long and tortuous repair regulation journey neared comple­tion with the issuance of final repair regulations in T.D. 9636 on September 19, 2013, and Rev. Proc. 2014-16 (I.R.B. 2014- 7, January 24, 2014) detailing the account­ing method changes needed to comply with the regulations. Unfortunately for taxpayers (and their return preparers),[ … ]