Comments on Guidance Regarding Deduction and Capitalization

On behalf of the Retail Industry Leaders Association (RILA), I respectfully submit comments on the temporary and proposed regulations published by the Department of the Treasury (Treasury Department) and the Internal Revenue Service (Service) on December 27, 2011, regarding deduction and capitalization of expenditures relating to tangible personal property (herein referred to as the “Temporary Regulations”).1


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