Is Your Business Eligible for the Tangible Property Tax Deduction?
June 24, 2015
While you’ve likely heard plenty about the Tangible Property Final Regulations issued by the IRS in 2013, it’s worth taking a second look because several of the revisions could have a real impact on your business this year and beyond.
Manufacturers and distributors, this is aimed at you:
If you answered yes to any of these questions, there are deductions to be had and time is of the essence. Let’s look at a few considerations, which may get a little “IRS-y,” but a little bit of technical accounting that saves your manufacturing or distribution business tax dollars is probably worth this brief highlight:
Like any program, there are requirements to qualify for current deductions and steps that need to be taken with the filing of your business’ tax return to ensure that the business meets the requirements and claims the deserved deductions. The time to act is now—some of these opportunities won’t be around for the next filing season.
Again, be sure to act fast if you are eligible for these deductions. If you have questions and would like to speak to a top Atlanta CPA firm about whether your business qualifies under the Tangible Property Final Regulations, please contact Cas Pittman.
If you have any questions and would like to connect with a team member please call 404-874-6244 or contact an advisor below.CONTACT AN ADVISOR
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