The IRS issued Rev. Proc. 2014-17 on Feb. 28, which provides taxpayers with rules for filing method changes for dispositions of tangible depreciable property. The revenue procedure is the companion to the recently issued Rev. Proc. 2014-16, which addressed filing method changes under certain provisions of the final "repair regulations."
Read more on Rev. Proc. 2014-17 and Rev. Proc. 2014-16.
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