Repairs and Maintenance Studies

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Through a thorough analysis of your expenses for repairs and maintenance, we can help you reduce your tax liability and improve cash flow by properly reclassifying these expenditures.

First, we will identify which asset costs are not properly classified, then reclassify them as deductible repairs as defined by IRS Code Sections 162 and 263. Deductible repairs may include "incidental repairs" that help to maintain efficient operating condition but do not necessarily prolong its life, add material value or adapt the property for new or different use.

Expenses incurred or paid for incidental repairs and maintenance are not considered as capital expenditures and may be reclassified to accelerate deductions in the current year.

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Related Service: Credits and Incentives