Economic performance. (part 1): An article from: The Tax Adviser

This digital document is an article from The Tax Adviser, published by American Institute of CPA's on April 1, 1994. The length of the article is 6843 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: Accrual method taxpayers should first determine whether economic performance has occurred under Internal Revenue Code section 461 before considering the more complex and subjective all events test to determine whether a liability has been incurred. Analysis under section 461 and the regulations considers the accounting methods available to the taxpayer, what constitutes a liability, whether the type of liability is expressly considered in another IRC section and if capitalization or deduction is even available for that type of liability. Analysis of the economic performance rules addresses specific types of business expenses.

Citation Details
Title: Economic performance. (part 1)
Author: Annette Nellen
Publication:The Tax Adviser (Magazine/Journal)
Date: April 1, 1994
Publisher: American Institute of CPA's
Volume: 25 Issue: n4 Page: 195(14)

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