Unlock buried deductions
Reclassify items mistakenly capitalized over the years and claim them on this year's return.
§ Tangible Property Regs
Expense it now. Don't capitalize it.
The Tangible Property Regulations (TPR) dictate whether expenditures on a building are deductible repairs or capitalized improvements. A proper TPR review often unlocks current-year deductions on costs that would otherwise be stuck on the books for decades.
What are the TPRs?
The Tangible Property Regulations are a framework the IRS issued to clarify when costs related to acquiring, producing, or improving tangible property must be capitalized and depreciated — versus when they can be deducted as repairs and maintenance.
A TPR review applies the de minimis safe harbor, routine maintenance safe harbor, small taxpayer safe harbor and improvement vs. repair analysis to your fixed-asset register and capital project history.
Result: a defensible reclassification of items currently on your depreciation schedule that should have been expensed, plus a Form 3115 to claim the catch-up deduction without amending prior returns.
Yes
Catch-up via Form 3115
4
Safe harbors applied
4–6 wks
Avg. study turnaround
§ Benefits
Why owners and CPAs choose this study.
Safe harbor maximization
We apply every applicable safe harbor — de minimis, routine maintenance, small taxpayer.
Cleaner depreciation schedule
Remove ghost assets and items kept on the books past their useful life — simpler audits going forward.
Partial dispositions
Claim losses on building components retired during renovations instead of depreciating them forever.
Pairs with cost seg
TPR review naturally complements a cost segregation study on the same property.
No amended returns
Form 3115 captures the catch-up benefit on your current return — clean, simple, IRS-blessed.
§ Who qualifies
Who benefits from a TPR review.
Commercial property owners
Multifamily real estate
Manufacturing facilities
Healthcare properties
Hospitality groups
Anyone with $500k+ on a depreciation schedule
Owners who have done renovations
Properties placed in service before 2014
§ How it works
How a TPR review unfolds.
01
Depreciation review
We pull your fixed asset register and capital project history to identify reclassification candidates.
02
Safe harbor matching
Each candidate is tested against the four applicable safe harbors and improvement-vs-repair criteria.
03
Reclassification report
Detailed write-up of each adjustment with supporting authority and dollar impact.
04
Form 3115 filing
Catch-up deduction is claimed on the current return — no need to amend prior years.
§ Receipts
What our clients have said.
Honest reviews from owners and CPAs we've worked with — unedited and pulled from Google.
5.0 on Google
“We had a great experience working with Chris. They did everything they said they would, communicated thoroughly, and delivered on time.”
Luke DowellGoogle
“Chris and his team were very responsive. They quickly reviewed our situation and put together a plan to save on our taxes. Highly recommend!”
Anwar AlkabsGoogle
“Chris, Sarah, and the team are really great and experts in their space. Chris goes out of his way to help — free Zoom consultations are great value.”
Dr. DiabGoogle
§ Services
Other ways we save you money
Most clients qualify for more than one of these. We'll surface every applicable incentive in your free benefit analysis.
§ Let's connect
Curious what you might save? Let's find out.
Most studies pay for themselves several times over. Book a free 30-minute benefit analysis with a CPA — no commitment, no upsell.