Atlanta, GA (April 1, 2014) Capital-intensive companies depend on maximizing the operational and financial performance of their assets. Tax can be a strategic lever in decisions about maximizing performance. For years, companies in capital-intensive industries, such as utilities, telecommunications, oil and gas, mining, and transportation, have struggled with tax laws that were quite ambiguous and often resulted in disputes that had to be resolved in tax courts. Last fall, the IRS issued new tangible property regulations (TD 9636) after almost a decade of iterations, providing another layer of tax complexity for CFOs and VPs of tax to address when determining the appropriate classification of assets — as repairs or capital improvements.
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