The long-running saga involving the IRS effort to retake the high ground1 in drawing the line between what is a repair and what must be capitalized2 took an abrupt turn on February 13, 2015, when IRS issued Revenue Procedure 2015-20 which lifted the burden of filing Forms 3115 for most small taxpayers.3 That was welcome news to many practitioners (and taxpayers).
Harl, Neil E.
"At Last – Relief From the Repair Regulations,"
Agricultural Law Digest: Vol. 26
, Article 1.
Available at: https://lib.dr.iastate.edu/aglawdigest/vol26/iss5/1