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Tangible Property Regulations


On September 13, 2013, the U.S. Department of the Treasury and the Internal Revenue Service issued final1 and re-proposed2 regulations (Tangible Property Regulations) that provide guidance with respect to the treatment of materials and supplies, disposition of Modified Accelerated Cost Recovery System (MACRS) property, capitalization of amounts paid to acquire or produce (or facilitate the acquisition or production of) tangible property and the determination of whether an expenditure with respect to tangible property is a deductible repair or must be capitalized. Thus, the Tangible Property Regulations address a broad range of capitalization and deduction issues for expenditures related to tangible property and likely affect taxpayers in all industries.

The Tangible Property Regulations will affect all taxpayers that acquire, produce, or improve tangible property.

Deloitte’s Strategic Tax Advisory Team (STAT) consists of a national team of knowledgeable practitioners working together in the area of the Tangible Property Regulations, which is focused on analyzing the potential impact of the regulations and assisting clients in implementing the required changes to achieve compliance with the regulations. We take a holistic approach that includes the tax technical, process and systems considerations for becoming compliant with the Tangible Property Regulations.

Download the attached PDF to learn more about how our STAT team can assist.

1 T.D. 9636
2 REG 110732-13

As used in this document, “Deloitte” means Deloitte Tax LLP, a subsidiary of Deloitte LLP. Please see for a detailed description of the legal structure of Deloitte LLP and its subsidiaries. Certain services may not be available to attest clients under the rules and regulations of public accounting.


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