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Are You Ready for the New Tangible Property Rules?
 

Are You Ready for the New Tangible Property Rules?

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New rules will soon go into effect that impact all taxpayers that acquire, produce, or improve tangible property. The most significant tax accounting change in decades, virtually every taxpayer with a ...

New rules will soon go into effect that impact all taxpayers that acquire, produce, or improve tangible property. The most significant tax accounting change in decades, virtually every taxpayer with a building or equipment will need one or more accounting method changes to comply with these new rules. These new rules are very complex and you should start preparing for them NOW - how to take advantage of the rules to accelerate deductions, what new accounting policies need to be established, how these rules impact your financial statements and how you'll need to adapt your accounting systems and procedures

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