Effective Date of Tangible Property Regs. Delayed

The IRS announced it is delaying the effective date of the temporary regulations it issued in Dec. 2011 governing whether tangible property expenses could be deducted or had to be capitalized.

Source: http://feedproxy.google.com/~r/AICPA_Tax/~3/CgitECSLjNk/20121120.aspx

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