June 25, 2013
CliftonLarsonAllen has posted a letter on its website for dealers providing information about handling tangible property. The letter is titled “Deducting Amounts Paid to Acquire, Produce, or Improve Tangible Property.”
Written by CliftonLarsonAllen Dealership Partner Christopher F. Beaulieu, the letter can be found at http://cliftonlarsonallen.com/Dealerships/IRS-Guidelines-Deducting-Capitalizing-Amounts-Tangible-Property.aspx.
CliftonLarsonAllen is one of the nation’s largest certified public accounting and consulting firms serving the commercial truck and trailer dealership industry.