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Make sure repairs to tangible property were actually repairs before you deduct the cost

Make sure repairs to tangible property were actually repairs before you deduct the cost

by Capocore Professonal Advisors | Mar 12, 2018 | Small Business Tax

Repairs to tangible property, such as buildings, machinery, equipment or vehicles, can provide businesses a valuable current tax deduction — as long as the so-called repairs weren’t actually “improvements.” The costs of incidental repairs and maintenance can be...
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Capocore Professional Advisors - 46 W. Shadbolt Ste A Lake Orion, Michigan 48362