TRSA is looking at an Internal Revenue Service (IRS) proposal that—unless amended—could significantly alter how textile service companies would have to expense rentable items. At press time, TRSA was slated to meet shortly with IRS officials to address how the proposed regulation—whether by design or oversight—would affect the industry. Watch for details of this meeting in an upcoming issue of Textile Rental. 
 
TRSA’s concern with the proposed regulation centers on its definition of a capital expenditure. As written, a capital expenditure would include property with a useful life of more than one year. However, in the case ...