263 (a) Repairs and Maintenance Review

The new IRS regulations that change the way real property is treated mean potential cost savings for your clients as well as new business opportunities for your firm.

Working with CSP360, you can offer your clients a 263(a) repair and maintenance review for a reliable, professional opinion on whether or not the costs are recorded appropriately. We will also help you determine the most advantageous way to handle changes.

The IRS will commence audits of tangible property beginning with the 2014 tax year now that it has released the IRS Audit Techniques Guide on Capitalization of Tangible Property.

This means that your clients should conduct a review now to bring them into compliance and take advantage of the value of current deductions and accelerated depreciation.

263(a) Repairs & Maintenance Review

Through CSP360’s 263(a) repairs and maintenance review, we help your clients maximize deductions and comply with IRS guidance by providing the following services:

  • Review of items that are currently or were previously capitalized that should be expensed as repairs and maintenance or materials and supplies
  • Recommendation as to which types of assets should be expensed immediately
  • Recommendation of changes to the current capitalization policy to increase future deductions
  • Evaluation of compliance with the tangible property regulations
  • Non-compliance risk assessment

Contact Us

Contact our 263(a) specialists to help your clients take advantage of opportunities to maximize their tax positions while complying with the new tangible property regulations.

Contact Us

ABOUT US: CSP360, headquartered in Buffalo, New York, is one of the nation's leading providers of cost segregation and tax minimization services including tangible property regulation compliance, IRC 179D/45L energy efficiency studies, research tax credits, 263(a) maintenance repairs, fixed asset depreciation review and 179d analysis/45L to cpa, accounting and chartered accounting firms across the United States. Through our CPA Partnership Program we provide services to their qualified clients who have constructed, bought, expanded or remodeled real estate. We are affiliated with Freed Maxick CPAs, P.C., a Top 100 Firm in the United States, and have been providing cost segregation studies for over twenty years.