Per Building Safe Harbor Rule: Section 263 Explained
The Per Building Safe Harbor Rule can help clients deduct qualifying repair and maintenance costs instead of capitalizing them. A valuabl...
Read moreFrom the learning center
The Tax Professionals Blog · 446 articles
Highlights of Internal Revenue Bulletin 2026-08 - 2/17/2026
The IRS has released Internal Revenue Bulletin 2026-08, outlining updated interest rates for underpayments and overpayments beginning Apr...
Read more
Understanding the Partial Disposition Election
Learn how the partial disposition election under Reg. Sec. 1.168(i)-8(d) allows taxpayers to recognize losses on replaced building or ass...
Read more
Highlights of Internal Revenue Bulletin 2026-07 - 2/9/2026
IRB 2026-07 includes OPR disciplinary sanctions, updated adequate disclosure rules for penalty relief, and a deadline extension to 12/31/...
Read more
De Minimis Safe Harbor Expensing for Businesses
Learn how de minimis safe harbor expensing works, including $2,500 and $5,000 limits, annual election rules, and how businesses can simpl...
Read more
Highlights of Internal Revenue Bulletin 2026-06 - 2/2/2026
IRB 2026-06 is out with updates on depreciation rules, rollover safe harbors under SECURE 2.0, federal rates, and key administrative corr...
Read more