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Tag: store remodels

RILA welcomed IRS rule on the deduction and capitalization of expenditures related to store remodels, repairs, and refreshes

Rule Eliminates Considerable Tax Compliance Confusion For Retailers Arlington, VA, 2015-11-20 — /EPR Retail News/ — The Retail Industry Leaders Association (RILA) today welcomed a safe harbor rule from the Internal Revenue Service (IRS) regarding the deduction and capitalization of expenditures related to store remodels, repairs, and refreshes. Retailers have substantial tangible property investment in the form…

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