IRS T.D.: Guidance on Information Required to Substantiate Capitalization, Deductions Comments Requested (IRC §263)

Comments requested on T.D. 9107 that provides guidance on the deduction and capitalization of expenditures. Specifically, the guidance provides the information required to be retained by taxpayers to substantiate a deduction. Comments are due on or before August 5, 2019. [IRS Comment Request, 84 Fed. Reg. __ (June 5, 2019)]

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