Overview
Treasury, IRS Extend Waiver Eligibility for Final Tangible Property Regs: Notice 2017-06 extends the eligibility rule waiver for one year to any taxable year beginning before January 1, 2017 for taxpayers making certain automatic changes to utilize the final tangible property regulations under sections 162(a) and 263(a). The notice also extends the eligibility rule waiver for making certain automatic changes to depreciation and dispositions under section 168. The notice is effective today.