Have you previously removed or replaced any structural components of your building(s) such as a roof, HVAC equipment, doors, windows, etc.?
If you, or your clients have, there are substantial benefits to conducting an Asset Retirement Study.
On December 23, 2011 the IRS and Treasury Department released the long awaited Temporary Regulations for Guidance Regarding Deduction and Capitalization of Expenditures Related to Tangible Property.
“The regulations revise the definition of Disposition for property subject to section 168 to include the retirement [Read more…]