In a filing with the Federal Register on September 13, 2013,1 the long-running saga on the line between repairs and capitalization for acquiring, maintaining, repairing and replacing tangible property added a new chapter. Only time will tell as to whether this will be followed by a more than temporary lull in the flow of new temporary, proposed and final regulations from the Department of the Treasury2 and notices and revenue procedures3 from the Internal Revenue Service on the subject.4 The five sets of regulations have generally traced a path toward greater simplification and less complexity since the first set of proposed regulations was issued in 2006.5