Letter on IIR Request for Retail Industry Guidance

On behalf of the Retail Industry Leaders Association (RILA), I write to submit an Industry Issue Resolution (IIR) request in accordance with Rev. Proc. 2003-36, 2003-1 C.B. 859 and with respect to the temporary regulations published by the Treasury Department and the Internal Revenue Service (Service) on December 27, 2011, regarding the deduction and capitalization of expenditures relating to tangible personal property (herein referred to as the “Temporary Regulations”).1 The present request renews and expands RILA’s 2010 IIR request, which the Service deferred in anticipation of the Temporary Regulations.2


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