The New 2012 Repair Regs - What They Are and How They Affect Your Company
Hosts: From TaxWatch
Date/Time: Jan. 11, 2012 | 2:00pm ET
KPMG LLP invites you to a special video webcast panel discussion on the just-released (and long-awaited) U.S. Treasury regulations that address the capitalization of costs incurred to acquire, maintain or improve tangible property ("Repair Regs").
The panel discussion will be led by Eric Lucas, former U.S. Treasury Department official and a key architect of the Repair Regulations. Mr. Lucas, who recently joined KPMG's Washington National Tax practice, will be joined by leading capitalization experts from KPMG's Washington National Tax practice: Lynn Afeman, James Atkinson, and Carol Conjura.
During the webcast, panelists will discuss the new regulations in detail, including:
- Background, intended scope, and application of the new Repair Regulations
- New capitalization standards, including special safe harbors and de minimis rules
- Industry specific guidance
- Effective dates, transition rules, and potential change in accounting method procedures
- The practical impact of these changes and their potential effect on pending IRS audits
- Next steps
Eric LucasEric Lucas joined KPMG's Tax Practice on October 3, 2011 as a principal in the Income Tax and Accounting group...
Carol ConjuraCarol Conjura is a Partner in KPMG's Washington National Tax Office, in the Income Tax and Accounting Group, a...
James L. AtkinsonJames L. Atkinson practices in the area of federal income taxation, with a focus on federal tax accounting iss...
Lynn M. AfemanA Director in KPMGÂ’s Accounting Methods and Credits Services Practice, Lynn leads the East Fixed Asset Servic...
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