News & Analysis as of

Tax Deductions Repairs

Eversheds Sutherland (US) LLP

A wolf in sheep’s clothing? IRS provides long-awaited capitalization guidance for natural gas companies

In recently issued Rev. Proc. 2023-15, the IRS provides a safe harbor method of accounting under which taxpayers may classify costs to repair, maintain, replace, or improve natural gas transmission and distribution property...more

Holland & Knight LLP

Consejo de Estado de Colombia precisa expensas necesarias en el sector de hidrocarburos

Holland & Knight LLP on

En sentencia de 10 de noviembre de 2022, proferida dentro del expediente #25212, la Sección Cuarta del Consejo de Estado de Colombia reiteró que para determinar si un costo o gasto tiene relación de causalidad con la...more

Troutman Pepper

Construction Is Complete On Much Of The Repair Regulations

Troutman Pepper on

On September 13, 2013, the IRS and Treasury Department released final regulations regarding the deduction and capitalization of expenditures related to tangible property. Rules were also released regarding accounting for and...more

3 Results
 / 
View per page
Page: of 1

"My best business intelligence, in one easy email…"

Your first step to building a free, personalized, morning email brief covering pertinent authors and topics on JD Supra:
*By using the service, you signify your acceptance of JD Supra's Privacy Policy.
- hide
- hide