IRS Form: Comments Requested Income Forecast Method Interest Computation (IRC §167)

Comments requested on Form 8866, Interest Computation Under the Look-Back Method for Property Depreciated Under the Income Forecast Method, that is used by taxpayers depreciating property under the income forecast method and placed in service after September 13, 1995, to compute and report interest due or to be refunded under tax code Section 167(g)(2). Comments are due on or before June 22, 2020. [IRS Comment Request, 85 Fed. Reg. __ (Apr. 21, 2020)]

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