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Impacting nearly every business, the final tangible property regulations provide taxpayers with a broad range of guidance on whether to capitalize or expense amounts paid to acquire, produce, or improve tangible property. Revising repair processes is not a trivial task. It requires taking a hard look at your tax and accounting systems and procedures. You’ll need to devise ways to ensure accuracy, enforce policies, reduce manual effort, and document facts and decisions as you work towards compliance by January 1, 2014. Are you ready?