New Proposed Regulations under IRC 451 Released
The IRS recently issued proposed regulations under IRC § 451(b) on the tax year of income inclusion for certain accrual …
IRS provides life insurance companies simplified accounting method change procedures
Rev Proc 2019-35, 2019-35 IRB The IRS has provided insurance companies with simplified procedures to obtain automatic consent to accounting …
Automatic method change for new financial accounting standards applies to early adopters
Rev Proc 2018-49, 2018-41 IRB In a Revenue Procedure, IRS has modified Rev Proc 2018-29, 2018-22 IRB 634, and Rev Proc 2018-31, …
IRS updates automatic accounting method changes to reflect TCJA
Rev Proc 2018-40, 2018-34 IRB; IR 2018-160 IRS has provided the procedures by which a small business taxpayer may obtain automatic …
IRS issues updated list of automatic accounting changes
In a Revenue Procedure, IRS has issued an updated list of accounting method changes to which IRS’s automatic change procedures …