Recent Articles

Regulation Compliance

In addition to the Internal Revenue Code, the IRS uses regulations to guide and ensure compliance to the Code. In general, these rules assist the business owner by identifying best practices and procedures to follow the Internal Revenue Code.

Capital Expenditures – IRS Definition


The Internal Revenue Service uses a complex definition to identify capital expenditures (assets).  A capital expenditure is not deductible as an expense in the tax year purchased; the taxpayer or entity must use depreciation, amortization or [...]