Capital Improvement

If it’s maintenance that you did for them, it’s unlikely to fit the definition of a Capital Improvement, right? I looked this up a while ago for NYS tax. They have a publication 862 that differentiates between capital improvements and repair/maintenance for most types of work. For example initial installation of ductwork, additional ductwork of replacement of a complete central AC unit would be a capital improvement, repair or replacement of a compressor, fan or blower would not.

elbow

in Taxes 12 years and 5 months ago

1

Please log in, in order to post replies!

1 replies

Newest Oldest

demetriayvonne | 12 years and 5 months ago

string(1) "1"
object(WP_User)#4931 (8) {
  ["data"]=>
  object(stdClass)#4912 (12) {
    ["ID"]=>
    string(6) "178687"
    ["user_login"]=>
    string(14) "demetriayvonne"
    ["user_pass"]=>
    string(34) "$P$B7KPjhQ1OKdsElfT0Qi72S1p37Vdg2/"
    ["user_nicename"]=>
    string(14) "demetriayvonne"
    ["user_email"]=>
    string(22) "dedwards@planetibc.com"
    ["user_url"]=>
    string(29) "/forums/users/demetriayvonne/"
    ["user_registered"]=>
    string(19) "2017-08-10 14:19:45"
    ["user_activation_key"]=>
    string(0) ""
    ["user_status"]=>
    string(1) "0"
    ["display_name"]=>
    string(14) "demetriayvonne"
    ["spam"]=>
    string(1) "0"
    ["deleted"]=>
    string(1) "0"
  }
  ["ID"]=>
  int(178687)
  ["caps"]=>
  array(2) {
    ["subscriber"]=>
    bool(true)
    ["bbp_participant"]=>
    bool(true)
  }
  ["cap_key"]=>
  string(15) "wp_capabilities"
  ["roles"]=>
  array(2) {
    [0]=>
    string(10) "subscriber"
    [1]=>
    string(15) "bbp_participant"
  }
  ["allcaps"]=>
  array(4) {
    ["read"]=>
    bool(true)
    ["level_0"]=>
    bool(true)
    ["subscriber"]=>
    bool(true)
    ["bbp_participant"]=>
    bool(true)
  }
  ["filter"]=>
  NULL
  ["site_id":"WP_User":private]=>
  int(1)
}

http://cdn.brownstoner.com/50b638fa75cee-.jpg

Good morning,   I received a phone call from a consulting company who is working for a client, Related Mgmt.,  that we have a maintenance contract with.  She claims that a Capital Improvement Certificate should have been issue to us along with any other contracts and or agreements that were signed.  Now they want us to reimburse/issue a credit for all taxes that our client has paid us for a year.  My question is, can they rightfully make this request and second, how can we make sure that they are entitled to make this request, should they have a Capitol Improvement Certificate?