AICPA Recommends IRS Adopt a Deferred Revenue Safe Harbor for Buyers and Sellers

The CPA Advocate: May, 2015.� The proposed elective safe harbor would apply to the tax treatment of deferred revenue in taxable asset acquisitions.� Agreement by buyers and sellers to treat the deferred revenue liability consistently would reduce controversy between taxpayers and the IRS.

Source: http://feedproxy.google.com/~r/AICPA_Advocacy/~3/FdWZWV-P-SM/Deferred-Income-Recommendations-to-IRS.aspx

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