de minimis safe harbor election wording

[lwendell]

Need source of wording.

All I have found on wording of this election is:

"Corp makes the de minimis safe harbor election for improvement expenditures."

"name address and EIN"

Is it really this simple?

[Lion]

Pretty much. Your software probably provides elections, so all you have to do is click to have one included with the return.

Here's a sample election from my software:

Section 1.263(a)-1(f) De Minimis Safe Harbor Election

John Doe & Jane Doe
111 Main Street
Anytown, CT 06111

Taxpayer Identification Number: 111-22-3333

For the Year Ending December 31, 2015
JOHN DOE & JANE DOE are making the de
minimis safe harbor election under Reg. Sec. 1.263(a)-1(f).

You may want to specify the dollar amount the taxpayers decided upon prior to the start of the tax year.

[TaxGuyBill]

If you want the legal gibberish, here it is:

(5) Time and manner of election. A taxpayer that makes the election under this paragraph (f) must make the election for all amounts paid during the taxable year for property described in paragraph (f)(1) of this section and meeting the requirements of paragraph (f)(1)(i) or paragraph (f)(1)(ii) of this section, as applicable. A taxpayer makes the election by attaching a statement to the taxpayer's timely filed original Federal tax return (including extensions) for the taxable year in which these amounts are paid. Sections 301.9100-1 through 301.9100-3 of this chapter provide the rules governing extensions of the time to make regulatory elections. The statement must be titled “Section 1.263(a)-1(f) de minimis safe harbor election” and include the taxpayer's name, address, taxpayer identification number, and a statement that the taxpayer is making the de minimis safe harbor election under §1.263(a)-1(f). In the case of a consolidated group filing a consolidated income tax return, the election is made for each member of the consolidated group by the common parent, and the statement must also include the names and taxpayer identification numbers of each member for which the election is made. In the case of an S corporation or a partnership, the election is made by the S corporation or the partnership and not by the shareholders or partners. An election may not be made through the filing of an application for change in accounting method or, before obtaining the Commissioner's consent to make a late election, by filing an amended Federal tax return. A taxpayer may not revoke an election made under this paragraph (f). The manner of electing the de minimis safe harbor under this paragraph (f) may be modified through guidance of general applicability (see §§601.601(d)(2) and 601.602 of this chapter).

http://www.ecfr.gov/cgi-bin/text-idx?SID=77a267196ae3bbb96bb8b0da6619124d&node=se26.3.1_1263_2a_3_61&rgn=div8