Implementing the Repair Regulations in your Transportation Business

November 28, 2017|Tiffany Piper

For years, taxpayers, along with their accountants, have faced the challenge of distinguishing between capital improvements and repair and maintenance expenses.

In 2013, the IRS issued tangible property regulations which provided guidance on materials and supplies, capital expenditures, repairs and maintenance, improvements to property and amounts paid to acquire property. These regulations are very complex and fact-specific with no bright line rules. These regulations will impact almost all taxpayers in any industry, including transportation.

Download a summary of the regulations and how they will impact your transportation business.



To learn more, download the full white paper/report.