Tangible Property Regulations

How TPR Applies to You

What are the tangible property regulations (TPR)? These regulations affect all taxpayers with tangible property. They apply:

  • Anytime tangible property is acquired, produced, repaired, improved, or disposed of
  • Regardless of a taxpayer’s size or industry
  • To property that a taxpayer either owns or leases
  • To property owned by a foreign subsidiary corporation for purposes of computing the corporation’s earnings and profit

In short, the regulations apply across a broad spectrum and to nearly all businesses.

View our library of TPR-related resources for background information and to explore how you may be able to reap additional savings through these regulations. We will continue to provide updates on the latest developments, how they might affect your business, and the most efficient ways to proceed.

Potential Savings Are Still Possible with Tangible Property Regulations | Article
Current-year improvements and repairs might mean tax savings. However, the opportunity is lost if you don’t claim losses in the corresponding tax year. Read more about the opportunities still available.

Act Before Year-End to Utilize a Higher De Minimis Expensing Threshold | Article
The IRS increased the de minimis safe harbor expensing threshold for taxpayers without an applicable financial statement to $2,500 per invoice or item from $500. Learn more about the increase in this Alert.

Time Is Running Out to Claim Partial Disposition Losses | Article
Do you own a building? Have you made improvements or repairs in the past 10 years? If yes, then you still have time to claim retroactive partial disposition losses thanks to new tangible property regulations—but you must act quickly.

Putting Off Compliance With the Tangible Property Regulations? You Might Be Missing Critical Tax Savings | Article
Real estate firms that put off preparing for the finalized tangible property regulations might be guilty of more than noncompliance: They might be missing out on a critical last chance for tax savings.

Last Tax Year to Claim Losses on Pre-2014 Partial Dispositions | Article
With the final tangible property regulations effective this tax year, the 2014 filing season is your only opportunity to claim losses on partial dispositions that occurred before 2014. But you must move quickly as the deadline approaches.

IRS Releases Final Rules for Dispositions of Tangible Depreciable Property | Article
The IRS released final rules in September 2014 addressing dispositions of tangible depreciable property, providing a favorable election for taxpayers to recognize losses on partial dispositions. Here are the details for tangible property rules.

Simplified Procedures for Complying With New Tangible Property Regulations | Article
Many companies will need to make accounting method changes to comply with (and benefit from) the new tangible property regulations. The IRS’s new method change procedures simplify the process.

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For more information about the services we offer related to TPR, please visit www.mossadams.com/TPR