Press Room: Accounting Method

April 17, 2020

Update: COVID-19 Pandemic - Accounting Method Planning to Defer 2019 Income to 2020

This tax release is an update to a prior release published on March 23, 2020. It includes a discussion of the CARES Act technical correction for qualified improvement property. Taxpayers should consider ways to increase ...

January 12, 2021

Treasury and IRS Issue Final Income Recognition Rules Under TCJA

Final regulations (TD 9941) implementing the income recognition rules enacted under the Tax Cuts and Jobs Act (TCJA) under Sec. 451(b) and (c) were recently released. The final regulations for both provisions include many ...