Wednesday, February 18, 2015

Income and Related Deductions for an Item Considered for an Accounting Method Change

A growing number of guidance items and recently issued Chief Counsel Advice suggest the IRS is continuing to move toward viewing gross income and related deductions jointly as one item in determining whether an accounting practice constitutes a method of accounting or an error.

Source: http://feedproxy.google.com/~r/AICPA_TaxAdvisor/~3/HqNygB4clVA/Tax_Clinic_13.aspx

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