IRS releases favorable sec. 263A accounting method change guidance.: An article from: The Tax Adviser

This digital document is an article from The Tax Adviser, published by American Institute of CPA's on July 1, 1994. The length of the article is 643 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.

From the supplier: Notice 88-78 has been revoked by the final regulations promulgated under IRC section 263A, leaving taxpayers with little guidance on how to file for accounting method changes due to failure to apply section 263A properly. For tax years beginning with 1994, taxpayers will have to use more restrictive accounting method change guidelines. Some taxpayers will be allowed to apply positive adjustments made pursuant to the accounting method change to their net operating losses.

Citation Details
Title: IRS releases favorable sec. 263A accounting method change guidance.
Author: Joyce Mace
Publication:The Tax Adviser (Magazine/Journal)
Date: July 1, 1994
Publisher: American Institute of CPA's
Volume: 25 Issue: n7 Page: 422(2)

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