Annual election to expense tangible property under the de minimis safe harbor of the tangible property regulations.
DE MINIMIS SAFE HARBOR ELECTION Treas. Reg. § 1.263(a)-1(f) Taxpayer: [Taxpayer name] Taxpayer Identification Number: [EIN/TIN] Address: [Address] Tax year: [Year] The above-named taxpayer hereby makes the de minimis safe harbor election under Treas. Reg. § 1.263(a)-1(f) for the tax year shown above. The taxpayer elects to apply the de minimis safe harbor to amounts paid for tangible property costing $5,000 or less per invoice (or per item as substantiated by the invoice), as set forth in its written accounting policy in effect at the beginning of the tax year. _______________________________ [Signature] [Title] Date: [Date]