Monday, May 4, 2015

AICPA to IRS: Increase Small Business Safe Harbor Threshold in Tangible Property Regulations

The CPA Advocate: April, 2015.� The de minimis safe harbor should be increased from $500 to $2,500, the AICPA told the IRS.� The AICPA recommended adjusting the threshold annually for inflation and expanding the definition of an applicable financial statement.

Source: http://feedproxy.google.com/~r/AICPA_Advocacy/~3/iwl81X6wQKs/Repair-Regs-Recommendations-to-IRS.aspx

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