Increase to $2,500 - minimum for capitalization of tangible property

The IRS recently upped the minimum for "expense-ing" tangible property from $500 to $2,500. It doesn't go into effect until 2016 but they've agreed to not audit going back so, effectively, can report this way for 2015. Read more about it here:
http://www.accountingweb.com/tax/irs/irs-increases-tangible-property-expensing-threshold-to-2500 or reach out with any questions.