How tax-deductible repairs can make you money

Here’s an important fact you should know:

FACT: Repairs to property produce more after-tax cash than improvements do!

Want to find out more about how repairs can put cash in your pocket? Read our new article titled Tax Tip: The Classic Repair—the Farmer’s Creamery Case.

Three ways our fact-filled article can help you:

1. We’ll explain the latest IRS rulings. On November 12, 2010, the IRS issued its audit technique guide on capitalization versus repairs. The IRS audit guide provides IRS examiners with the IRS version of the definition of repairs versus that of improvements. These are crucial differences that we’ll explain in detail when you read our full article.
2. We’ll explain what you should know about “The Farmer’s Creamery Case.” You don’t have to be a farmer to be interested in this landmark case that the IRS lost. The case has implications for you and we’ll make everything clear when you read our full article.
3. We’ll provide audit-proofing tips for repairs. Here is a list of things you can do to make sure that you come out a winner if the IRS comes calling. It’s all there when you read our full article.