More than six months after the IRS issued temporary “repair” regulations (T.D. 9564), many complex questions remain about their interpretation and application. One thing is for sure however; they affect all businesses in one way or another. Accordingly, it is vital to become intimately familiar with their content to understand how each client is affected.
CCH has provided a Tax Briefing on this issue:
CCH Tax Briefing: Comprehensive Repair/Capitalization Regulations