Sect. 263(a) Cost Capitalization Regulations Preparing Compliant - - PowerPoint PPT Presentation

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Sect. 263(a) Cost Capitalization Regulations Preparing Compliant - - PowerPoint PPT Presentation

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Presenting a live 110-minute teleconference with interactive Q&A Sect. 263(a) Cost Capitalization Regulations Preparing Compliant Financials: Challenges for Mid-Sized and Smaller Accounting Firms

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SLIDE 1
  • Sect. 263(a) Cost Capitalization Regulations

Preparing Compliant Financials: Challenges for Mid-Sized and Smaller Accounting Firms

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SLIDE 2

Conference Materials

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Continuing Education Credits

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Tips for Optimal Quality

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  • Sect. 263(a) Cost Capitalization

Regulations Seminar

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SLIDE 6

Today’s Program

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SLIDE 7

Anthony J. Balden, Pepper Hamilton

LATEST IRS NOTICES AND GUIDANCE ON SECT. 263(a)

Anthony J. Balden, Pepper Hamilton

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SLIDE 8
  • Sect. 263(a): Capital Expenditures

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SLIDE 9
  • Sect. 263(a): Capital Expenditures (Cont.)
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  • Sect. 263(a): Final And Proposed Regulations
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  • Sect. 263(a): Final Regulations
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  • Treas. Reg. §1.263(a)-5: In General
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  • Treas. Reg. §1.263(a)-5: Facilitative Items

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  • Treas. Reg. §1.263(a)-5(e): Inherently Facilitative

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  • Treas. Reg. §1.263(a)-5(f): Sufficient Documentation
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SLIDE 21
  • Treas. Reg. §1.263(a)-5(f): Sufficient Documentation (Cont.)
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SLIDE 30
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SLIDE 32
  • Treas. Reg. §1.263(a)-4(e): Facilitative Costs
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SLIDE 34

Marla Miller, BDO USA James Liechty, PricewaterhouseCoopers

PENDING REVISIONS TO SECT. 263(a) REGS: MATERIAL TERMS

James Liechty, PricewaterhouseCoopers

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SLIDE 35

Re-Proposed Tangible Regulations

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SLIDE 36

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SLIDE 43

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Repairs And Maintenance: Opportunities

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SLIDE 52

Repairs And Maintenance: Targets

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Repairs And Maintenance: Examples

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SLIDE 54

Impact Of Final Regulations

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SLIDE 55

Impact Of Final Regulations (Cont.)

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SLIDE 56

Repairs Method Change: Rev. Proc. 2011-14

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SLIDE 57

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SLIDE 58

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SLIDE 59

Repairs Method Change: Tier I Issue (Cont.)

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SLIDE 60

COMPLIANCE CHALLENGES IN

James Liechty, PricewaterhouseCoopers

COMPLIANCE CHALLENGES IN

  • SECT. 263(a)-RELATED

CAPITALIZATION

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SLIDE 61
  • Sect. 263(a): Capital Expenditures
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SLIDE 62

Compliance Challenges: Unit of Property

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SLIDE 63

Compliance Challenges: Unit of Property (Cont.)

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SLIDE 64

Compliance Challenges: Deductible Repairs

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SLIDE 65

Compliance Challenges: Deductible Repairs (Cont.)

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Compliance Challenges: Deductible Repairs (Cont.)

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SLIDE 67

Compliance Challenges: Deductible Repairs (Cont.)

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SLIDE 68

RECENT EXPERIENCES WITH

Marla Miller, BDO USA Anthony J. Balden, Pepper Hamilton

RECENT EXPERIENCES WITH IRS AUDITS ON SECT. 263(a)

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SLIDE 69

Repairs: IRS Audits

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Repairs: IRS Audits (Cont.)

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SLIDE 71

Recent Audit Experience And Issues

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SLIDE 72

Recent Audit Experience And Issues (Cont.)

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