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IRS raises tangible property expensing threshold to $2,500

IRS raises tangible property expensing threshold to $2,500

The safe harbor threshold that was $500 was raised to $2,500 by the Internal Revenue Service in Notice 2015-82 on November 24, 2015. Due to comments received from organizations and taxpayers, the IRS Commissioner said the threshold was reconsidered. The IRS received over 150 letters from businesses and their representatives regarding this matter noting that… Continue Reading

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