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This quarter's Accounting Methods Spotlight discusses important IRS guidance and other developments.

  • IRS official highlights plans to issue regulations on capitalized transaction costs
  • Revenue procedures provide safe harbors for treatment of PPP loan forgiveness
  • IRS provides additional guidance on temporary 100% deduction for restaurant meals
  • IRS field advice discusses research credit refund claim substantiation
  • Taxpayer denied permission to revoke Section 59(e) election
  • CCA summarizes conduit principles
  • LB&I issues practice units on UNICAP computation for resellers, the BEAT, and interest on installment sale deferred tax liability