September 20, 2019

Art & Lifestyle:

St. Mary’s Camera Club Gears Up for Fair -

Sunday, September 15, 2019

Festival of Trees Seeking Sponsors -

Tuesday, September 10, 2019

MedStar to Offer Acupuncture Talk, Demo -

Friday, September 6, 2019

Winners in 5th District Art & App Contests Honored -

Wednesday, September 4, 2019

Significant Changes to Tax Law Re: Tangible Property

Posted by Burroughs, Moreland & Mudd, CPA
Bay Leader

taxesThe IRS has released its final and much anticipated “repair” regulations governing when taxpayers have to capitalize and when they can deduct expenses for issues dealing with their tangible property, effective Jan. 1, 2014.

“The final regulations make significant taxpayer-friendly changes to the 2011 temporary regulations,” according to a CCH Tax Briefing by Wolters Kluwer. Compliance, it continues, with the labyrinth of rules in these final regulations will challenge virtually every business.

For more information, contact the firm of Burroughs, Moreland & Mudd, CPA. The tax experts bring years of experience providing income tax preparation and  services to individuals and business in the Southern Maryland area.

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