Collected Comments on Proposed Regulations: Deduction and Capitalization of Tangible Assets

The IRS has scheduled a public hearing for May 9 on proposed regulations (REG-168745-03) that provide guidance on the application of sections 162(a) and 263(a) to amounts paid to acquire, produce, or improve tangible property.

Documents

The following documents are available from Tax Analysts:

• Comments from Baker Botts LLP and Best Buy Co. Doc 2012-8563 or 2012 TNT 81-22

• Comments from Ivins, Phillips & Barker. Doc 2012-9122 or 2012 TNT 84-17

• Comments from Tax Executives Institute Inc. Doc 2012-8755 or 2012 TNT 81-27

• Comments from American Institute of Certified Public Accountants. Doc 2011-4350 or 2011 TNT 42-17 and Doc 2012-8559 or 2012 TNT 79-28

• Comments from KPMG LLP. Doc 2012-8565 or 2012 TNT 81-24

• Comments from Texas Society of Certified Public Accountants. Doc 2012-7982 or 2012 TNT 74-9

• Comments from National Business Aviation Association. Doc 2012-8566 or 2012 TNT 81-25

• Comments from American Petroleum Institute. Doc 2012-8560 or 2012 TNT 81-20

• Comments from Miller & Chevalier. Doc 2012-7004 or 2012 TNT 65-16

• Comments from American Society of Cost Segregation Professionals. Doc 2012-7003 or 2012 TNT 65-18

• Comments from individual. Doc 2012-3237 or 2012 TNT 33-31

• Comments from American University's Kogod Tax Center. Doc 2012-8562 or 2012 TNT 81-21

• Comments from National Retail Federation. Doc 2012-2627 or 2012 TNT 30-29

• Comments from Association of American Railroads. Doc 2012-8558 or 2012 TNT 81-19

• Comments from Schneider Downs & Co. Doc 2012-7005 or 2012 TNT 65-17

• Comments from Textile Services Association of America. Doc 2012-8567 or 2012 TNT 81-26

• Comments from Dixon Hughes Goodman LLP. Doc 2012-8774 or 2012 TNT 81-28

• Comments from CBT Financial Corp. Doc 2012-8564 or 2012 TNT 81-23