How do the Final Tangibles Regulations Change Deducting Materials and Supplies?
Generally, the final tangibles regulations don’t change the rules for deducting materials and supplies. The final tangibles regulations use existing court cases to decide on the exact definition and treatment of materials and supplies but added some safe harbors to provide clarification. Unfortunately, clarification from the IRS can sometimes just further confuse everyone. Materials and …
How do the Final Tangibles Regulations Change Deducting Materials and Supplies? Read More »