The 2017 tax reform enacted or amended a number of provisions relating to accounting methods, most notably for revenue recognition and bonus depreciation. Accounting methods can be an important tool in strategies for reducing exposure from tax reform provisions that are not specifically accounting methods, such as the base erosion and anti-abuse tax (BEAT) and the Section 163(j) business interest deduction limitation. PwC on August 6 hosted a webcast featuring specialists who discussed these issues. This Insight highlights those discussions.
