Gray, Gray & Gray
Breaking News!
IRS Makes It Easier for Small Businesses
to Apply Repair Regulations
Breaking News!

 

Today, the IRS made it easier for small business owners to comply with the final tangible property regulations.

 

Starting with the 2014 return, a simplified procedure is now available. This new procedure allows many small businesses to change a method of accounting under the final tangible property regulations on a prospective basis for the first taxable year beginning on or after January 1, 2014.

 

And that's not all... The IRS is also waiving the requirement to complete and file a Form 3115 for small business taxpayers that choose to use this simplified procedure for 2014. 

 

For additional details about this simplified procedure and how it could impact your small business, please contact Gray, Gray & Gray's Tax Department.

We go beyond the numbers by delivering insight, guidance and success to our clients.

 

Gray, Gray & Gray, LLP
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