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AICPA asks for raise in repair regulations’ de minimis safe harbor threshold

Jeffery Porter, CPA, chair of the AICPA’s Tax Executive Committee, wrote to Andrew Keyso, IRS associate chief counsel, on Wednesday, raising the AICPA’s concerns about the low amount of the de minimis safe harbor threshold in the tangible property regulations (T.D. 9636) that were

    

Written by

Herman Yiu, CPA - Audit Taxation Advisory (212) 802-1428